Cost-effectiveness as a price control.

Cost-effectiveness as a price control. Research Abstract Details 

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Cost-effectiveness as a price control. Abstract Text:

Joshua Cohen,

After a technology is developed, cost-effectiveness analysis can offer an economically sound approach to adoption decisions. Little attention has been paid, however, to the incentives these criteria induce for getting technologies to market in the first place. We argue that technology adoption procedures more fully take into account the key trade-off inherent in research and development: the decreased welfare of current patients as a result of higher prices versus the increased welfare of future patients as a result of the incentives for innovation that such prices provide. Empirical evidence from a case study of HIV/AIDS provides an illustration of our conclusions.

Cost-effectiveness as a price control. Publishing Authors By Initials

J Cohen,

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PUBMED ID PMID:

MEDLINE DATE: 2007 May-Jun

Cost-effectiveness as a price control. Journal Published:

PUBLICATION TYPE: Research Support, Non-U.S. Gov

Journal: Health affairs (Project Hope)

VOLUME: 26

Page Numbers: 696-703

Journal Abbreviation:

ISSN: 1544-5208

DAY: 19

MONTH: 11

YEAR: 2007

Cost-effectiveness as a price control. Information

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LANGUAGE: eng

NlmUniqueID: 8303128

Cost-effectiveness as a price control. Keywords Mesh Terms:

KEYWORDS: United States

MESH TERMS: economics

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Grant and Affiliation Information for Cost-effectiveness as a price control.

AFFILIATION: Department of Economics and School of Medicine, University of Chicago, Illinois, USA. ajena@uchicago.edu

Country: United States

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MEDLINETA: Health Aff (Millwood)

REFSOURCE: Health Aff (Millwood). 2007 Sep-Oct;26(5

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