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Cited by 766

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

Economic foundations of cost-effectiveness analysis

Open access
Garber, Alan M., Phelps, Charles E.·1997·Journal of Health Economics
DOI 10.1016/s0167-6296(96)00506-1
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Abstract

To address controversies in the applications of cost-effectiveness analysis, we investigate the principles underlying the technique and discuss the implications for the evaluation of medical interventions. Using a standard von Neumann-Morgenstern utility framework, we show how a cost-effectiveness criterion can be derived to guide resource allocation decisions, and how it varies with age, gender, income level, and risk aversion. Although cost-effectiveness analysis can be a useful and powerful tool for resource allocation decisions, a uniform cost-effectiveness criterion that is applied to a heterogeneous population level is unlikely to yield Pareto-optimal resource allocations.

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Metadata

Authors
Garber, A. M., & Phelps, C. E.
Venue
Journal of Health Economics
Publisher
Elsevier BV
Published
1997-02
Volume
16
Issue
1
Pages
1-31
ISSN
0167-6296 (ISSN-L)
DOI
10.1016/s0167-6296(96)00506-1
OpenAlex
W3044347796
Cited by
766
References
2
FWCI
70.09
Type
journal article
Language
en
Open access
hybrid
Licence

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CoChat. (2026). Citation check: Economic foundations of cost-effectiveness analysis. https://app.cochat.ai/papers/10.1016/s0167-6296(96)00506-1
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Garber, A. M., & Phelps, C. E. (1997). Economic foundations of cost-effectiveness analysis. Journal of Health Economics. https://doi.org/10.1016/s0167-6296(96)00506-1

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