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Demand for health: a generalised Grossman model.

J M Muurinen

    Journal of Health Economics
    |April 11, 1982
    PubMed
    Summary
    This summary is machine-generated.

    This study presents a generalized health investment model to analyze health and medical care demand. The model refines Grossman's approach, offering broader applications for understanding economic influences on health behaviors.

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    Area of Science:

    • Health Economics
    • Medical Care Demand Analysis
    • Behavioral Economics

    Background:

    • Existing Grossman-type health investment models face criticisms regarding their underlying assumptions.
    • Previous models have limitations in explaining the full scope of health-related economic behaviors.

    Purpose of the Study:

    • To analyze the demand for health and medical care using a generalized Grossman-type health investment model.
    • To address criticisms of earlier models by refining underlying assumptions.
    • To expand the applicability of economic explanations for health behavior.

    Main Methods:

    • Development of a generalized Grossman-type health investment model.
    • Comparative static analysis of the generalized model's predictions.
    • Demonstration of the derivability of previous health investment models from the generalized framework.

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    Main Results:

    • The generalized model incorporates refined assumptions, overcoming limitations of prior models.
    • Most existing health investment models can be derived from this generalized framework.
    • The model proves applicable to a wider range of economic problems related to health behavior.

    Conclusions:

    • The generalized health investment model provides a more robust framework for analyzing health and medical care demand.
    • This refined model enhances the scope of economic explanations for health-related behaviors.
    • The study contributes to a deeper understanding of the economic determinants of health investment.