1
Q
Why do people engage in health deteriorating activities?
A
Individuals are maximising their utility function, these behaviours may be addictive
2
Q
What is time preference?
A
People value present utility more than future utility. The present value of utility is discounted.
3
Q
How do governments try to change behaviours that decrease health and how effective are they?
A
Offering incentives: difficult for addictive habits
Taxation: moved to inelastic demand, large revenue earner, poor at reducing consumption, also increases crime
Prohibition: smoking ban in public places
Encourage substitutes: no direct subs, expensive
Health Economics
flashcards
Decks in class (20)
# Cards
-
1.) Why Health Economics?5
-
2.) Production of health7
-
3.) Explaining health discrepancies13
-
4.) Demand for health11
-
5.) Rational Illness3
-
6.) Making healthcare decisions7
-
7.) Healthcare Professionals6
-
8.) Hospitals17
-
9.) Pharmaceuticals13
-
10.) Technology and Progress8
-
11.) Health Insurance9
-
12.) Market Failure5
-
13.) Social Insurance5
-
14.) Rationing Healthcare9
-
15.) USA Healthcare8
-
16.) Creating the NHS4
-
17.) NHS the internal market experiment6
-
18.) 21st century NHS3
-
19.) Globalisation10
-
20.) Looking to the future7
