Confidence Intervals for Cost/Effectiveness Ratios
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.
|Keywords||cost-effectiveness, health care|
Wakker, P.P.. (1995). Confidence Intervals for Cost/Effectiveness Ratios. Health Economics, 4(4), 373–381. Retrieved from http://hdl.handle.net/1765/23116