Health Economics presents a systematic treatment of the
economics of health behavior and health care delivery. Appropriate
both for advanced undergraduate and graduate students of economics,
this text provides the background required to understand current
research,
presenting theoretical models as well as empirical evidence and
summarizing key results. Without neglecting ethical concerns,
modern microeconomic theory is applied to
formulate theoretical implications and predictions. Issues
discussed include the economic valuation of life and health, moral
hazard in health care utilization, supplier-induced demand, the
search for remuneration systems with favorable incentives, risk
selection in health insurance markets, and technological change in
medicine.
General
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