Health Economics

ISBN-10: 0321594576
ISBN-13: 9780321594570
Edition: 4th 2010
List price: $245.20
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Description: Health Economicscombines current economic theory, recent research, and health policy problems into a comprehensive overview of the field. This thorough update of a classic and widely used text follows author Charles E. Phelpsrsquo;s three years of  More...

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Book details

List price: $245.20
Edition: 4th
Copyright year: 2010
Publisher: Addison Wesley
Publication date: 2/10/2009
Binding: Hardcover
Pages: 656
Size: 5.25" wide x 9.00" long x 0.50" tall
Weight: 2.464
Language: English

Health Economicscombines current economic theory, recent research, and health policy problems into a comprehensive overview of the field. This thorough update of a classic and widely used text follows author Charles E. Phelpsrsquo;s three years of service as Provost of the University of Rochester. Why Health Economics?; Utility and Health; The Transformation of Medical Care to Health; The Demand for Medical Care: Conceptual Framework; Empirical Studies of Medical Care Demand and Applications; The Physician and the Physician-Firm; Physicians in the Marketplace; The Hospital as a Supplier of Medical Care; Hospitals in the Marketplace; The Demand for Health Insurance; Health Insurance in the Marketplace; Government Provision of Health Insurance; Other Government Health Care Programs; Medical Malpractice; Externalities in Health and Medical Care; Regulation in the U.S. Health Care Sector; Universal Insurance Issues and International Comparisons of Health Care Systems. For all readers interested in health economics.

Charles E. Phelpswent to the University of Rochester in 1984 as professor and director of the Public Policy Analysis Program, a graduate program offered by the Department of Political Science, in conjunction with the Department of Economics. In 1989 he became chair of the Department of Community and Preventive Medicine in the School of Medicine and Dentistry. He became Provost in July 1, 1994, and served until July 31, 2007. As Provost, he was responsible for overseeing the academic activity of the University, including teaching, research, and supporting services (e.g., libraries, information technology, and technology transfer) in each of the University's six schools. He currently holds the titles of University Professor and Provost Emeritus. Phelps has achieved national and international recognition for his scholarly research. In 1991 he was elected to the Institute of Medicine of the National Academy of Sciences and to the National Bureau for Economic Research. He served for six years on the Report Review Committee of the National Academies. Phelps is currently a Fellow at the Center for Advanced Studies in the Behavioral Sciences at Stanford University (academic year 2008ndash;2009). Provost Emeritus Phelps participated from 1997 to 2007 in the Association of American Universitiesrsquo; Committee on Digital Technology and Intellectual Property Rights, and was an active participant in the AAU's work in areas involving related topics. He testified before Congress in June 1998 on issues pertaining to the implementation of the World Intellectual Property Organization (WIPO) treaty and has spoken on related matters in conferences on these issues sponsored by, among others, the Department of Commerce. In July 2005, he testified on Patent Reform for the Senate Judiciary Committee's Subcommittee on Intellectual Property. Provost Emeritus Phelps earned his bachelorrsquo;s degree from Pomona College in Claremont, California. He then earned both an MBA in hospital administration and PhD in economics from the University of Chicago. Before beginning his career at the University of Rochester, Phelps worked at the RAND Corporation from 1971 to 1984. Phelps served from 1998ndash;2006 on the Board of Trustees for the Council on Library and Information Resources (CLIR) in Washington, DC, the last two years as Chair. He currently serves on the Board of Trustees of the Center for Research Libraries in Chicago, and on the Board of Directors of VirtualScopics, Inc., a diagnostic-imaging technology company located in Rochester, New York. He also serves as an advisor to CVT, a pharmaceutical company in Palo Alto, California.

Preface
Why Health Economics?
Important (If Not Unique) Aspects of Health Care Economics
How Markets Interrelate in Medical Care and Health Insurance
Afterthought
Summary
Related Chapters in Handbook of Health Economics
Problems
Utility and Health
How to Think About Health and Health Care (or...How Health Economics?)
The Production of Health
Health Through the Lifecycle
A Model of Consumption and Health
Summary
Related Chapter in Handbook of Health Economics
Problems
Appendix to Chapter 2: A Formal Model of Utility Maximization
The Transformation of Medical Care to Health
The Productivity of Medical Care
Confusion About the Production Function: A Policy Dilemma
Physician-Specific Variations (Medical Practice Styles)
Extensive and Intensive Margin Differences: Are They Similar?
Summary
Related Chapters in Handbook of Health Economics
Problems
Appendix to Chapter 3: Marginal, Average, and Total Productivity
The Demand for Medical Care: Conceptual Framework
Indifference Curves for Health and Other Goods
From Indifference Curves to Demand Curves
How Demand Curves Depend on Illness Events
Demand Curves for Many Medical Services
The Demand Curve for a Society: Adding Up Individual Demands
Use of the Demand Curve to Measure Value of Care
How Insurance Affects a Demand Curve for Medical Care
Time Costs and Travel Costs
The Role of Quality in the Demand for Care
Revisited: The Price Index for Health Care
Summary
Related Chapters in Handbook of Health Economics
Problems
Appendix to Chapter 4: Demand Curves and Demand Elasticities
Empirical Studies of Medical Care Demand and Applications
Studies of Demand Curves
Effects of Age and Gender on Demand
The Effects of Illness on Demand
Lifestyle and its Effects on Demand
The Demand for "Illness"
The Demand for Quality: Choice of Provider Specialization
Other Studies of Demand for Medical Care
Applications and Extensions of Demand Theory
Decision Theory: Deriving the "Right" Demand Curve for Medical Care
Cost-Effectiveness Ratios and Demand Curves
Why Variations in Medical Practice?
Summary
Related Chapters in Handbook of Health Economics
Problems
Appendix to Chapter 5: An Example of Medical Decision Theory
The Physician and the Physician Firm
The "Firm"-Inputs, Output, and Cost
The Physician as Entrepreneur
The Physician-Firm and its Production Function
The Physician as Diagnostician
Nonphysician Primary-Care Providers
The Size of the Firm-Group Practice of Medicine
The Physician as Labor
The Aggregate Supply Curve: Entry and Exit
The Open Economy: U.S.- and Internationally Trained Physicians
Summary
Related Chapters in Handbook of Health Economics
Problems
Appendix to Chapter 6: Cost Passthrough
Physicians in the Marketplace
Physician Location Decisions
Consumer Search and Market Equilibrium
Actual Search by Patients
Advertising and the Costs of Information
The Role of Licensure
Estimates of the Demand Curve Facing Physician-Firms
Induced Demand
The Role of Payment Schemes
Summary
Related Chapters in Handbook of Health Economics
Problems
The Hospital as a Supplier of Medical Care
The Hospital Organization
Who Is the Residual Claimant?
Where Does the Utility Function Come From? A Political Theory Model
Hospital Costs
Long-Run Versus Short-Run Costs
The Hospital's "Cost Curve"
Another Complication: Outpatient Surgery
The Demand Curve Facing a Single Hospital
The Utility-Maximizing Hospital Manager Revisited
Summary
Related Chapters in Handbook of Health Economics
Problems
Hospitals in the Marketplace
Hospitals and the Market for Medical Staff
Hospitals and Patients
A Model of Equilibrium Quality and Price
Insurance and Competition in the Hospital's Decision
Interaction of Doctors and Hospitals: "Goodies" for the Doctor
Interaction of Doctors and Hospitals: Patients for the Hospital
Competition-"Old Style" Versus "New Style"
Entry and Exit: The Pivotal Role of For-Profit Hospitals
The Hospital in Labor Markets
Nursing "Shortages"
Summary
Related Chapters in Handbook of Health Economics
Problems
Appendix to Chapter 9: The Hospital's Quality and Quantity Decision
The Demand for Health Insurance
The Demand for Health Insurance
Reasons People Want Insurance
Choice of the Insurance Policy
Insurance Market Stability: The Question Of Self-Selection
Income Tax Subsidization of Health Insurance
Empirical Estimates of Demand for Insurance
The Overall Effect of the Tax Subsidy on the Health Sector
"Optimal" Insurance
Other Models of Demand for Insurance
Summary
Related Chapters in Handbook of Health Economics
Problems
Appendixes to Chapter 10
A Detailed Calculation of Welfare Loss
The Calculus of the Risk/Moral Hazard Trade-off
The Statistics of an Insurance Pool
Health Insurance Supply and Managed Care
The Supply of Insurance
Managed Care: A Response to the Incentives of Traditional Insurance
Why Managed Care?
Types of Interventions
Consumer Side
Which Interventions Work Best for Managed Care?
Long-Run Issues
Summary
Related Chapters in Handbook of Health Economics
Problems
Government Provision of Health Insurance
The Medicare Program
Medicare HMOs (Medicare Advantage)
Operational Changes in Medicare
The Medicaid Program
Summary
Related Chapters in Handbook of Health Economics
Problems
Medical Malpractice
Background of the Legal System in the United States
The Economic Logic of Negligence Law
Judicial Error, Defensive Medicine, and "Tough Guys"
Medical Malpractice Insurance
Evidence on Actual Deterrence
Malpractice Awards: "Lightning" or a "Broom Sweeping Clean"?
Tort Reform
Tort Reform Writ Large
HMO Liability: A New Domain for Malpractice Law
Summary
Related Chapter in Handbook of Health Economics
Problems
Externalities in Health and Medical Care
Externalities, Property Rights, and the Control of Externalities
Externalities of Contagion
Solutions to the Externality Problems
International Issues-Expanding the Scope of the Externality
Externalities from Tobacco
Information as an Externality
Research as an Externality
Reasons for So Little Research on Medical Effectiveness
Transfusion-Induced AIDS and Hepatitis
Summary
Related Chapters in Handbook of Health Economics
Problems
Appendix to Chapter 14: Value of Life
Managing the Market: Regulation and Technical Change in Health Care
A Taxonomy of Regulation
Licensure
"Certificate of Need" (CON) Laws
Drugs and Devices: The New Wave of Medical Care
Summary
Related Chapters in Handbook of Health Economics
Problems
Universal Insurance Issues and International Comparisons of Health Care Systems
General Considerations for a National Health Policy
Review of Health Policy and Systems in Selected Countries
Snapshots of Four Countries
Aggregate International Comparisons
Increase in Costs and Health Outcomes
A Final Conundrum
Summary
Related Chapters in Handbook of Health Economics
Problems
Author's Postscript
Appendix: Introduction to Basic Economics Concepts
The Concept of Utility and Demand Curves
The Demand Curve by a Society: Adding Up Individual Demands
Using Demand Curves to Measure Value
The Problem of Supply of Goods
Market Equilibrium
Monopoly Pricing
Monopolistic Competition
Bibliography
Acknowledgments
Index

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