Economic evaluation
10.1 Highlights
Highlights
- Efficiency: Economic evaluation informs on the intervention’s efficiency. An intervention is considered efficient when benefits are maximized and opportunity costs are minimized.
- Economic evaluation: Various types of economic evaluations exist including cost-effectiveness analysis, cost-utility analysis, cost-benefit analysis, and cost-consequence analysis.
- Decision-making: Although economic evaluation methodologies have been ethically and methodologically contested, they remain valued for the synthesized information they provide. The efficiency criterion alone is often insufficient for sound decision-making and should be considered alongside other criteria, such as equity.
