Tavares, Aida Isabel (2007): A behavioral note on the demand for health.
Download (131kB) | Preview
On this note we introduce some behavioral hypothesis on the static version of Grossman model on the demand for health. Three behavioral hypotheses are considered in the static version of Grossman model: the status, the social pressure and trust. We show that a preference for status and for social approval result in a higher optimal choice for health. The same cannot be concluded when considering the influence of trust. The variable trust has an ambiguous result on the optimal health decision of individuals.
|Item Type:||MPRA Paper|
|Original Title:||A behavioral note on the demand for health|
|English Title:||A behavioral note on the demand for health|
|Keywords:||health demand, Grossman model, behavioral factors|
|Subjects:||D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory
I - Health, Education, and Welfare > I1 - Health > I10 - General
|Depositing User:||Aida Isabel Tavares|
|Date Deposited:||28. Mar 2012 13:43|
|Last Modified:||16. Feb 2013 14:58|
 Arrow, K. (1963) Uncertainty and the Welfare Economics of Medical Care, American Economic Review, 53(5), 941-973.
 Fuchs, Victor (1999) The Future of Health Economics, NBER, Working Paper 7379.
 Grossman, M. (1972) On the concept of health capital and the demand for health. Journal of Political Economy, 80, 223-255.
 Grossman, M. (1999) The human capital model of the demand for health, NBER, Working Paper 7078.
 Howarth, R.B. (1996) Status effects and environmental externalities, Ecological Economics, 16, 25-34.
 Kandel, E. and Lazear, E. (1992) Peer pressure and partnership, Journal of Political Economy, 100(4), 801-817.
 Richman, B. (2005) Behavioral Economics and Health Policy: Understanding Medicaid's Failure, Cornell Law Review, 90(3), 705-768.
 Wagstaff, A. (1986) The demand for health: a simplified Grossman model, Bulletin of Economic Research, 38(1), 93-95.