Confidence intervals for cost/effectiveness ratios

Authors
  • P.P. Wakker
  • M.P. Klaassen
Publication date 1995
Journal Health Economics
Volume | Issue number 4
Pages (from-to) 373-381
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract
The reduction of costs is becoming increasingly important in the medical field. The relevant topic of many clinical trials is not effectiveness per se, but rather cost-effectiveness ratios. Strangely enough, no statistical tools for analyzing cost-effectiveness ratios have been provided in the medical literature yet. This paper explains the gap in the literature, and provides a first technique for obtaining confidence intervals for cost-effectiveness ratios. The technique does not use sophisticated tools to achieve maximal optimality criteria, but seeks for tractability and ease of application, while still satisfying all formal statistical requirements
Document type Article
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