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

Open access
Phelps, Charles E., Mushlin, Alvin I.·1991·International Journal of Technology Assessment in Health Care

Abstract

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.

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Metadata

Authors
Phelps, C. E., & Mushlin, A. I.
Venue
International Journal of Technology Assessment in Health Care
Published
1991
Volume
7
Issue
1
Pages
12-21
ISSN
  • 0266-4623 (ISSN-L)
  • 1471-6348
OpenAlex
W2116395685
Cited by
173
References
0
FWCI
11.06
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: On the (Near) Equivalence of Cost-Effectiveness and Cost-Benefit Analyses. https://app.cochat.ai/papers/10.1017/s0266462300004803
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Phelps, C. E., & Mushlin, A. I. (1991). On the (Near) Equivalence of Cost-Effectiveness and Cost-Benefit Analyses. International Journal of Technology Assessment in Health Care. https://doi.org/10.1017/s0266462300004803

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.