A stock approach to the demand for health -- The shadow price of health -- The pure consumption model -- An empirical formulation of the model -- Empirical results: the norc sample -- Joint production and the mortality data.
Summary:
A seminal work in health economics first published in 1972, Michael Grossman's The Demand for Health introduced a new theoretical model for determining the health status of the population. His work uniquely synthesized economic and public health knowledge and has catalyzed a vastly influential body of health economics literature.
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