IDEAS home Printed from https://ideas.repec.org/a/wly/hlthec/v6y1997i6p613-623.html
   My bibliography  Save this article

A study on the cost‐effectiveness of coronary revascularization: introducing the simultaneous mimic health status model

Author

Listed:
  • Jae Sang Lee
  • Martin J. Bailey
  • Jinook Jeong
  • Patrick D. Mauldin
  • William S. Weintraub

Abstract

An econometric model is presented to compare the cost‐effectiveness of two alternative procedures, percutaneous transluminal coronary angioplasty (PTCA) and coronary artery bypass surgery (CABG), for the treatment of multivessel coronary artery disease. This study utilizes the MIMIC (multiple indicator multiple cause) health model in a simultaneous equation system to analyse Emory Angioplasty Surgery Trial (EAST) data. This method eliminates the possibility of endogeneity bias, which may have affected the results of previous cost‐effectiveness analyses on this topic. The empirical results indicate that neither procedure proves more cost‐effective at 3 year follow‐up. © 1997 John Wiley & Sons, Ltd.

Suggested Citation

  • Jae Sang Lee & Martin J. Bailey & Jinook Jeong & Patrick D. Mauldin & William S. Weintraub, 1997. "A study on the cost‐effectiveness of coronary revascularization: introducing the simultaneous mimic health status model," Health Economics, John Wiley & Sons, Ltd., vol. 6(6), pages 613-623, November.
    • Handle: RePEc:wly:hlthec:v:6:y:1997:i:6:p:613-623
    DOI: 10.1002/(SICI)1099-1050(199711)6:6<613::AID-HEC305>3.0.CO;2-6
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/(SICI)1099-1050(199711)6:63.0.CO;2-6
    Download Restriction: no
    File URL: https://libkey.io/10.1002/(SICI)1099-1050(199711)6:6<613::AID-HEC305>3.0.CO;2-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tanu Gupta & A. Ganesh Kumar, 2020. "Structural equation approach to modelling social norms in female education: A Case study of India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2020-32, Indira Gandhi Institute of Development Research, Mumbai, India.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:hlthec:v:6:y:1997:i:6:p:613-623. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/5749 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.