Erschienen in:
01.12.2014
Commentary on Crowley et al.’s Research Priorities for Economic Analysis of Prevention
verfasst von:
Jonathan P. Caulkins
Erschienen in:
Prevention Science
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Ausgabe 6/2014
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Abstract
Economic theory provides a textbook ideal for how to conduct efficiency analysis that determines optimal resource allocation. The real world is not, however, an ideal place. This article suggests that common sense should be allowed to temper zealous commitment to textbook ideals. The spirit and the process of economic evaluation may be as important as the “final answer” expressed as a summary statistic.