Public Policy Evaluation Questions
Cost-effectiveness analysis can be used in public policy evaluation by assessing the efficiency of different policy options in achieving desired outcomes. It involves comparing the costs of implementing a policy with the benefits or outcomes it produces. This analysis helps policymakers determine which policy option provides the greatest value for money and can inform decision-making by identifying the most cost-effective approach. By considering the costs and benefits of different policies, cost-effectiveness analysis helps ensure that limited resources are allocated efficiently and that public policies are designed to maximize their impact.