Health Economics Letter
Optimal decision rules for HTA under uncertainty: a wider, dynamic perspective
Article first published online: 7 DEC 2012
Copyright © 2012 John Wiley & Sons, Ltd.
Volume 22, Issue 12, pages 1507–1514, December 2013
How to Cite
Forster, M. and Pertile, P. (2013), Optimal decision rules for HTA under uncertainty: a wider, dynamic perspective. Health Econ., 22: 1507–1514. doi: 10.1002/hec.2893
- Issue published online: 5 NOV 2013
- Article first published online: 7 DEC 2012
- Manuscript Accepted: 11 NOV 2012
- Manuscript Revised: 24 OCT 2012
- Manuscript Received: 23 MAR 2011
- dynamic programming;
- economic evaluation;
- real options
We present a two-period framework, which combines real option and decision-theoretic approaches to health technology assessment under uncertainty. By viewing adoption, treatment and research decisions as a single economic project, we illustrate how their key dimensions affect optimal rules. We consider the results in relation to the existing literature and argue that developments in this direction could contribute substantially to efficiency gains in resource allocation. Copyright © 2012 John Wiley & Sons, Ltd.