Purpose – Public sector interest in methods for priority setting and program or policy evaluation has grown considerably over the last several decades, given increased expectations for accountable and efficient use of resources and emphasis on evidence‐based decision making as a component of...

Background: Due to growing expenditures, health systems have been pushed to improve decision-making practices on resource allocation. This study aimed to identify which practices of priority setting and resource allocation (PSRA) have been used in healthcare systems of high-income countries....

Purpose The purpose of this chapter is to describe a method for priority setting that can be used to identify options for disinvestment, and is also meant to serve as a tool for re-allocation of resources to achieve better outcomes with a given pot of resources. Approach This chapter draws on...

Introduction: The health care budget in the UK is finite and, as such, decisions must be made about how best to allocate scarce resources. Cost effectiveness analysis, and its overall summary measure of cost per quality adjusted life year (QALY) gained from an intervention, is used as part of...

Monetary valuation of both health and non health outcomes using stated preference data is gaining currency in health economics. Discrete choice experiments (DCEs) offer one form of stated preference data used for this purpose. In particular, the Hicksian compensating variation can be used to...