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.
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.
From the reviews of the second edition:
"The second edition of Health Economics is based on the German version of 1992. It contains all important facts on the specific characteristics of health products and global health markets at an advanced economic level. ... The detailed mathematical formulas and derivation of theories are helpful for a better understanding of methodology ... . Each chapter concludes with a summary and exercise questions which turn it into a valuable workbook. ... a valuable work of reference for experts as well." (Simone Torka, Journal of Public Health, Vol. 18, May, 2010)
"The second edition of Health Economics is based on the German version of 1992. It contains all important facts on the specific characteristics of health products and global health markets at an advanced economic level. ... The detailed mathematical formulas and derivation of theories are helpful for a better understanding of methodology ... . Each chapter concludes with a summary and exercise questions which turn it into a valuable workbook. ... a valuable work of reference for experts as well." (Simone Torka, Journal of Public Health, Vol. 18, May, 2010)