Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Comparative dynamic analysis of the full Grossman model.

W Ried1

  • 1University of Mannheim, Germany. wried@restrum.uni-mannheim.de

Journal of Health Economics
|July 6, 1998
PubMed
Summary

This study uses comparative dynamic analysis on the Grossman model to understand health capital. It clarifies how changes in health depreciation and wealth affect health outcomes, especially when health has no consumption benefit.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Coping with methicillin resistant staphylococcus aureus (MRSA) in german rehabilitation centers - are the incentives appropriate?

Value in health : the journal of the International Society for Pharmacoeconomics and Outcomes Research·2016
Same author

[Incentives of German Rehabilitation Centers to Implement Screening Strategies for the Prevention of Methicillin-resistant Staphylococcus aureus (MRSA) Transmissions and Infections].

Die Rehabilitation·2015
Same author

[On the economic burden of MRSA in Germany].

Gesundheitswesen (Bundesverband der Arzte des Offentlichen Gesundheitsdienstes (Germany))·2014
Same author

The impact of the environment on the demands for health and health care: an empirical analysis for Germany.

Developments in health economics and public policy·2000
Same author

QALYs versus HYEs--what's right and what's wrong. A review of the controversy.

Journal of health economics·1998
Same author

Willingness to pay and cost of illness for changes in health capital depreciation.

Health economics·1996

Area of Science:

  • Health Economics
  • Dynamic Economic Modeling

Background:

  • The Grossman model is a foundational framework for analyzing health capital.
  • Understanding the dynamics of health capital is crucial for economic and policy analysis.

Purpose of the Study:

  • To apply comparative dynamic analysis to the full Grossman model.
  • To derive equations for complete trajectories of endogenous variables.
  • To analyze the impact of parametric changes on health capital dynamics.

Main Methods:

  • Comparative dynamic analysis
  • Derivation of equations for complete trajectories
  • Decomposition of parametric change impacts using Frisch decision functions

Main Results:

  • Equations defining complete trajectories of endogenous variables were derived.
  • Marginal changes in health capital depreciation rate were analyzed.
  • Impacts of initial financial wealth and initial health capital stock were assessed.

Conclusions:

  • The direction of most effects remains ambiguous in the full model.
  • Assuming a zero consumption benefit of health yields definite direct and indirect effects.
  • Comparative dynamics offer insights into health capital depreciation and wealth impacts.

Related Experiment Videos