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Edited by
Frederick P. Rivara, Harborview Injury Prevention and Research Center, Seattle,Peter Cummings, Harborview Injury Prevention and Research Center, Seattle,Thomas D. Koepsell, Harborview Injury Prevention and Research Center, Seattle,David C. Grossman, Harborview Injury Prevention and Research Center, Seattle,Ronald V. Maier, Harborview Injury Prevention and Research Center, Seattle
The purpose of economic evaluation is to assist decision makers in allocating resources efficiently by taking into account the costs and effects (or consequences) of an intervention compared with the status quo or the most-likely alternative to the intervention. Economic evaluation is classified into three techniques such as cost minimization, cost effectiveness and cost benefit. It is impossible to compare cost-effectiveness ratios of alternative interventions when different units have been employed in their evaluation. In injury prevention, this becomes particularly limiting if one tries to compare the fatal and non-fatal injury prevention benefits of different interventions. An economic evaluation is only as good as the input values that one uses for the analysis. Fortunately, scientific progress in recent years has made it possible to apply economic evaluation techniques to a variety of injury control interventions.
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