Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Cost-benefit analysis

R Robinson1

  • 1Institute for Health Policy Studies, Faculty of Social Sciences, The University, Southampton.

BMJ (Clinical Research Ed.)
|October 9, 1993
PubMed
Summary
This summary is machine-generated.

Cost-benefit analysis, a key economic evaluation, uses human capital or willingness to pay methods. Willingness to pay is preferred but limited by income and application challenges.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Somatic and germline genetic testing pathways in haematological malignancies: Best practice consensus guidelines from the 2025 national meeting organised by UK Cancer Genetics Group (UKCGG), CanGene-CanVar and the NHS England Haematological Oncology Working Group.

British journal of haematology·2026
Same author

Management Approaches in WHO Grade III Meningioma: A National Oncology Trainees' Collaborative for Healthcare Research (NOTCH) UK Multi-Centre Retrospective Study.

Clinical oncology (Royal College of Radiologists (Great Britain))·2024
Same author

Assessing the use of minimally invasive self-sampling at home for long-term monitoring of the microbiota within UK families.

Scientific reports·2023
Same author

Persistent influence of precession on northern ice sheet variability since the early Pleistocene.

Science (New York, N.Y.)·2022
Same author

Multidrug-resistant OXA-48/CTX-M-15 Klebsiella pneumoniae cluster in a COVID-19 intensive care unit: salient lessons for infection prevention and control during the COVID-19 pandemic.

The Journal of hospital infection·2022
Same author

Clinical likelihood ratios and balanced accuracy for 44 in silico tools against multiple large-scale functional assays of cancer susceptibility genes.

Genetics in medicine : official journal of the American College of Medical Genetics·2021
Same journal

Robotic versus Open Pancreatoduodenectomy (PORTAL): multicentre, single masked, phase 3, non-inferiority randomised controlled trial.

BMJ (Clinical research ed.)·2026
Same journal

Venous thromboembolism after mechanical restraint in psychiatric hospitals: population based cohort and self-controlled case series study.

BMJ (Clinical research ed.)·2026
See all related articles

Area of Science:

  • Health Economics
  • Economic Evaluation Methods

Background:

  • Cost-benefit analysis is a comprehensive economic evaluation tool.
  • Two primary methods exist: human capital and willingness to pay.

Purpose of the Study:

  • To evaluate the strengths and weaknesses of different cost-benefit analysis approaches.
  • To identify the most effective method for economic evaluation.

Main Methods:

  • Discussed the human capital approach, valuing contributions based on salary.
  • Examined the willingness to pay (stated preference) approach, assessing individual valuations for risk or services.

Main Results:

  • The willingness to pay approach is considered most successful.
  • Willingness to pay outcomes are significantly influenced by the respondent's income.

Related Experiment Videos

  • Application challenges limit the overall usefulness of this method.

    • Conclusions:

    • While willingness to pay is a valuable economic evaluation tool, its effectiveness is constrained by income dependency and practical application issues.
    • Further research is needed to overcome limitations in cost-benefit analysis methods.