On the Possibility of a Bridge between CBA and CEA: Comments on a Paper by Dolan and Edlin

Bodil Olai Hansen, Jens Leth Hougaard, Hans Keiding, Lars Peter Østerdal

Research output: Working paperResearch

Abstract

In a recent work by Dolan and Edlin, it is concluded that no link can be established between cost-benefit analysis (CBA) and cost-effectiveness analysis (CEA). However, the conclusion seems to depend rather heavily on what is understood by a link between CBA and CEA as well as on the exact meaning of the latter two terms. We argue that there is at least one approach to CBA and CEA in which the two are very intimately linked. On the other hand, the limitations in the access to preference information has consequences for the kind of questions that can be meaningfully addressed in both CBA and CEA.
Original languageEnglish
Place of PublicationKøbenhavn
PublisherKøbenhavns Universitet
Number of pages12
Publication statusPublished - 2002
SeriesDiscussion Papers / Department of Economics. University of Copenhagen
Number02-21

Bibliographical note

Published in: Journal of Health Economics, vol. 23, no. 5, September 2004, pp. 887-98

Keywords

  • Cost-benefit analysis
  • Cost-effectiveness analysis
  • Aggregation of preferences
  • Quality-adjusted life years

Cite this

Olai Hansen, B., Hougaard, J. L., Keiding, H., & Østerdal, L. P. (2002). On the Possibility of a Bridge between CBA and CEA: Comments on a Paper by Dolan and Edlin. Københavns Universitet. Discussion Papers / Department of Economics. University of Copenhagen, No. 02-21 http://www.economics.ku.dk/research/publications/wp/2002/0221.pdf