Skip to main content
SpringerLink
Log in
Book cover

Theory and Methods of Economic Evaluation of Health Care pp 1–6Cite as

Introduction

  • Chapter

Part of the book series: Developments in Health Economics and Public Policy ((HEPP,volume 4))

Abstract

Cost-benefit analysis is an analytic tool designed to promote economic efficiency in the allocation of scarce resources to public projects or technologies. The criterion of economic efficiency states that if those citizens who benefit from a project had to bear its entire cost, they would consider it worth paying for. Where projects are inefficient, those who benefit would reject the project if they were required to pay for it in its entirety.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Acton JP. Evaluating public programmes to save lives: the case of heart attacks. Santa Monica: The Rand Corporation, RAND Report R- 950-RC, 1973.

    Google Scholar 

  • Akennan J, Johnson FR, Bergman L Paying for safety: voluntary reduction of residential radon risks. Land Economics 1991; 67: 435–446.

    Article  Google Scholar 

  • Atkinson SE, Halvorsen R The valuation of risks to life: evidence from the market for automobileand Review of Economics and Statistics 1990; 72: 133–136.

    Google Scholar 

  • Becker GS. Human Capital. Chicago: University of Chicago Press, 1964.

    Google Scholar 

  • Berger MC, Blomquist GC, Kenkel D, Tolley GS. Valuing changes in health risks: a comparison of alternative measures. Southern Economic Journal 1987; 53: 967–84.

    Article  Google Scholar 

  • Blomquist G. Value of life saving: implications of consumption activity. Journal of Political Economy 1979; 87: 540–558.

    Article  Google Scholar 

  • Bush JW, Chen M, Patrick DL. Cost-effectiveness using a health status index: analysis of the New York State PKU screening programme. In Berg R (Ed.). Health status indexes. Chicago: Hospital Research and Educational Trust, 1973.

    Google Scholar 

  • Carson RT, Mitchell RC, Hanemann MW, Kopp RJ, Presser S, Ruud PA A contingent valuation study of lost passive use values resulting from the Exxon Valdez Oil Spill. Report to the General Attorney of the State of Alaska, 1992.

    Google Scholar 

  • Cummings RG, Brookshire DS, Schulze WD. Valuing environmental goods. New Jersey: Rowman and Allanheld, 1986.

    Google Scholar 

  • Dardis R The value of a life: new evidence from the marketplace. American Economic Review 1980;70:1077–1082.

    Google Scholar 

  • Daubed JT, Young RA Recreational demands for maintaining instream flows: a contingent valuation approach American Journal of Agricultural Economics 1981; 63: 666–676.

    Google Scholar 

  • Dublin Ll, L.otka M. The Money Value of a Man. New York: Ronald Press,1946.

    Google Scholar 

  • Dupuit JH. De la mesure de l’utilité des travaux publics. Annales des Ponts et Chaussees 1844. Translated by Barback RH in International Economic Papers 1952; 17: 83–110.

    Google Scholar 

  • Drummond MF, Stoddard GL, Torrance GW. Methods for the economic evaluation of health care programmes Oxford: Oxford Medical Publications, 1987.

    Google Scholar 

  • Gerking S, de Haan MH, Schulze W. The marginal value of job safety: a contingent valuation study. Journal of Risk and Uncertainty 1988; 1: 185–189.

    Article  Google Scholar 

  • Hicks JR. The foundation of welfare economics. Economic Journal 1939;49;696–712. Hicks JR The four consumer’s surpluses. Review of Economic Studies 1941; 11: 31–41.

    Google Scholar 

  • Johannesson M, Jönsson B, Borgquist L. Willingness to pay for antihypertensive therapy: results of a Swedish pilot study. Journal of Health Economics 1991; 10: 461–474.

    Article  Google Scholar 

  • Johannesson M, Johansson P-0, Kriström B, Gerdtham U-G. Willingness to pay for antihypertensive therapy: further results. Journal of Health Economics 1993; 12: 95–108.

    Article  Google Scholar 

  • Jones-Lee MW. The value of life: an economic analysis. London: Martin Robertson, 1976.

    Google Scholar 

  • Jones-Lee MW, Hammerton M, Philips PR The value of safety: results of a national sample survey. Economic Journal 1985; 95: 49–72.

    Article  Google Scholar 

  • Kaldor N. Welfare propositions of economics and interpersonal comparisons of utility. Economic Journal 1939; 49: 549–552.

    Article  Google Scholar 

  • Klayman HE, Francis JOS, Rosenthal G. Cost-effectiveness analysis applied to the treatment of chronic renal disease. Medical Care 1968; 6: 48–54.

    Article  Google Scholar 

  • Mishan EJ. Cost-benefit analysis. New York: Praeger, 1971.

    Google Scholar 

  • Mitchell RC, Carson RT. Using surveys to value public goods: the contingent valuation method. Washington DC: Resources for the Future, 1989.

    Google Scholar 

  • Portney PR Housing prices, health effects, and valuing reductions in risk of death Journal of Environmental Economics and Management 1981;8:72–78.

    Google Scholar 

  • Rice D. Estimating the cost of illness. American Journal of Public Health 1967; 57: 424–440.

    Article  Google Scholar 

  • Rosen S. The value of changes in life-expectancy. Journal of Risk and Uncertainty 1988; 1: 285–304.

    Article  Google Scholar 

  • Schelling TC. The life you save may be your own. In Chase SB (Ed.). Problems in public expenditure analysis. Washington D.C.: Brookings Institution, 1968.

    Google Scholar 

  • Smith RS, The feasibility of an ‘injury tax’ approach to occupational safety. Law and Contemporary Problems 1974; 38: 730–744.

    Article  Google Scholar 

  • Sugden R, Williams A The principles of practical cost-benefit analysis. Oxford: Oxford University Press, 1978.

    Google Scholar 

  • Thaler R, Rosen S. The value of saving a life: evidence from the market. In Terleckyj NE (Ed.). Household production and consumption. Cambridge MA: NBER, 1976.

    Google Scholar 

  • Tolley GS, Kenkel D, Fabian R Valuing health for policy: an economic approach. Chicago: University of Chicago Press, 1994.

    Google Scholar 

  • Viscusi WK. Labor market valuations of life and limb. empirical estimates and policy implications. Public Policy 1978; 26: 359–386.

    Google Scholar 

  • Viscusi WK, Magat WA, Huber J. Pricing environmental health risks: survey assessments of risk-risk and risk-dollar tradeoffs for chronic bronchitis. Journal of Environmental Economics and Management 1991; 21: 32–51.

    Article  Google Scholar 

  • Weisbrod B. Economics of Public Health: Measuring the Impact of Diseases. Philadelphia: University of Pennsylvania Press, 1961.

    Google Scholar 

  • Weinstein MC, Stason WB. Hypertension: a policy perspective. Cambridge, MA Harvard University Press, 1976. Williams A Economics of coronary artery bypass grafting British Medical Journal 1985; 291: 326–329.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Stockholm School of Economics, Sweden

    Magnus Johannesson

Authors
  1. Magnus Johannesson
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

Copyright information

© 1996 Springer Science+Business Media Dordrecht

About this chapter

Cite this chapter

Johannesson, M. (1996). Introduction. In: Theory and Methods of Economic Evaluation of Health Care. Developments in Health Economics and Public Policy, vol 4. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-6822-0_1

Download citation

  • DOI: https://doi.org/10.1007/978-1-4757-6822-0_1

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4419-4757-4

  • Online ISBN: 978-1-4757-6822-0

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation