Cost-Utility Analysis


Health Economics

  • A close relative of cost-benefit and cost-effectiveness analysis but where benefit is measured in neither monetary terms nor natural units like 'deaths prevented'. It takes its name from the use of constructed measures of outcome (like quality-adjusted life-years), which share many of the characteristics of utility, though whether these really are preference-based utilities is a matter of controversy. The attempt to stress a major difference between CEA and CUA seems a somewhat overdone and fruitless bit of taxonomizing as in practice it is often hard to distinguish between the two.
  • acronymCUA
    (written as cost-utility analysis)