Skip to main content
    • Aa
    • Aa

On the (Near) Equivalence of Cost-Effectiveness and Cost-Benefit Analyses

  • Charles E. Phelps (a1) and Alvin I. Mushlin (a1)

Many people believe that cost-effectiveness (CE) and cost-benefit (CB) analyses require different assumptions. However, when CE analysis supports decisions to use medical resources, it makes the same assumptions that CB analysis requires. They are mathematically equivalent. Differences between CE and CB hinge more on reporting style than on fundamental assumptions.

Linked references
Hide All

This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.

2. D. M. Eddy , V. Hasselblad , W. McGivney , & W. Hendee The value of mammography screening in women under age 50 years. Journal of the American Medical Association, 1988, 259, 1512

4. D. Neuhauser , & A. M. Lewicki What can we learn from the 6th stool guaiac? New England Journal of Medicine, 1975, 293, 226–28.

6. G. W. Torrance Measurement of health status utilities for economic appraisal: A review. Journal of Health Economics, 1986, 5, 130.

9. M. C. Weinstein , & W. B. Stason Foundations of cost-effectiveness analysis for health and medical practices. New England Journal of Medicine, 1977, 296, 716–21.

Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

International Journal of Technology Assessment in Health Care
  • ISSN: 0266-4623
  • EISSN: 1471-6348
  • URL: /core/journals/international-journal-of-technology-assessment-in-health-care
Please enter your name
Please enter a valid email address
Who would you like to send this to? *


Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 24 *
Loading metrics...

Abstract views

Total abstract views: 119 *
Loading metrics...

* Views captured on Cambridge Core between September 2016 - 25th July 2017. This data will be updated every 24 hours.