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Comparative dynamics in a health investment model
1Department of Economics, University of Bern, Switzerland. christoph.eisenring@vwi.unibe.ch
Journal of Health Economics
|January 6, 2000
Abstract:
The method of comparative dynamics fully exploits the inter-temporal structure of optimal control models. I derive comparative dynamic results in a simplified demand for health model. The effect of a change in the depreciation rate on the optimal paths for health capital and investment in health is studied by use of a phase diagram.