What economic evaluation method might you use to make a decision about the economic efficacy of this regulation? or if you think that an existing regulation is not necessary, for Theory X. Example of Theory X
There are 3 types of economic evaluation methods, we can use to make a decision about the economic regulation.
Cost-effectiveness analysis (CEA) - A single clinical results expressed in natural units is used.
Cost-utility analysis (CUA) - health states are converted in utility scores using instruments such as EuroQol (EQ-5D)
Cost-benefit analysis (CBA) - Clinical results are converted into financial units so that a net benefit can be estimated.
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