Cost-benefit analysis is the only method of economic evaluation which can effectively indicate whether a health care treatment or intervention is worthwhile. This book attempts to build a bridge between cost-benefit analysis, as developed by economists, and the health care evaluation literature...

Acclaim for the first edition: 'Professor Brent's book is a superb and much-needed text in the field of health care evaluation. The economic approaches for appraisal of health care programs are presented with greater clarity than any other available text. A comprehensive review of...

This paper presents a method for determining shadow prices for a physician's services on the basis of actual prices charges. The Ramsey rule is used as the shadow-pricing formula. This is combined with the physician's profit-maximizing condition to produce an expression for the social prices in...