Evaluation and Value for Investment

Evaluation and Value for Investment

Cost-utility analysis: an evaluator’s view

Valuing outcomes without monetising them

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Julian King
Aug 07, 2023
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Suppose a new blood pressure pill enters the marketplace. It’s more effective than the next-best pill, in the sense that it reduces blood pressure to a greater extent. Therefore, we may presume, it’s likely to prevent more strokes and heart attacks. And it’s offered at the same price.

Therefore, cost-effectiveness analysis (CEA), comparing the two medic…

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