SSE/EFI Working Paper Series in Economics and Finance
No 323:
On the interpretation of cost-effectiveness acceptability curves
Mickael Löthgren ()
and Niklas Zethraeus ()
Abstract: This paper discusses the definition, computation and
interpretation of cost-effectiveness acceptability curves. A formal
definition of the cost-effectiveness acceptability curve based on the net
benefit approach is provided. The curve can be computed using parametric or
non-parametric techniques and for both computational approaches we
establish a formal relation between the cost-effectiveness acceptability
curve and statistical inference based on confidence intervals and P-values
in cost-effectiveness analysis.
Keywords: Cost-effectiveness analysis; Cost-effectivenesss acceptability curve; net benefit approach; hypothesis testing; confidence intervals; (follow links to similar papers)
JEL-Codes: I10; (follow links to similar papers)
13 pages, June 11, 1999, Revised May 2, 2000
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- This paper is published as:
-
Löthgren, Mickael and Niklas Zethraeus, (2000), 'Definition, Interpretation and Calculation of Cost-Effectiveness Acceptability Curves', Health Economics, Vol. 9, pages 623-630
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