Assessing the cost-effectiveness of a policy intervention involves comparing its costs and the value of its outcomes relative to some alternative policy (which might include doing nothing). An assessment of cost-effectiveness can assure taxpayers and policymakers that the intervention provides good value for money, or it may signal that there is a less costly way to achieve the desired outcomes, or suggest that resources would be better devoted to achieving some other objectives. This review explores questions and approaches to assesing the cost-effectivness of policy interventions.
Search The Hub
Page last modified: 15 Mar 2018