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A comparison of cost benefit and cost utility analysis in practice: divergent policies by government agencies in Sweden
Örebro University, Swedish Business School at Örebro University. (Nationalekonomi)ORCID iD: 0000-0003-1172-1076
Örebro University, Örebro University School of Business.ORCID iD: 0000-0003-1113-7478
2011 (English)Conference paper, Oral presentation only (Other academic)
Abstract [en]

This paper compares state-of-the-art implementation of Cost Benefit Analysis (CBA) and Cost Utility Analysis (CUA) as tools for making priorities in allocation of national public funds in the transport sector and health sector, respectively, in Sweden. These methods have several similarities although they diverge on how to treat effects on health and life length. However, it is shown here that there are considerable differences in how the methods are implemented in the decision process. The paper discusses differences in which cost and benefit components that are included, economic parameters, and the role of economic evaluation in the decision making. We believe that both transport and health sector planners have a lot to learn from each other.

Place, publisher, year, edition, pages
2011.
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-23995OAI: oai:DiVA.org:oru-23995DiVA, id: diva2:540095
Conference
Kuhmo Nectar, Annual conference of the International Transportation Economics Association, Stockholm, June 31 - July 1, 2011
Available from: 2012-07-06 Created: 2012-07-06 Last updated: 2019-04-11Bibliographically approved

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Hultkrantz, LarsSvensson, Mikael

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Hultkrantz, LarsSvensson, Mikael
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Swedish Business School at Örebro UniversityÖrebro University School of Business
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  • Other locale
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Output format
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