Health Care Investment: The Case of Multiple Sources of Risk
Jokung, O. and Mitra, S. 2020. Health Care Investment: The Case of Multiple Sources of Risk. Asia-Pacific Financial Markets. 27, pp. 231-255. https://doi.org/10.1007/s10690-019-09291-3
| Title | Health Care Investment: The Case of Multiple Sources of Risk |
|---|---|
| Type | Journal article |
| Authors | Jokung, O. and Mitra, S. |
| Abstract | This paper analyses the effect of a bivariate risk on the optimal expenses in health care and gives conditions under which any change in the bivariate risk with respect to the (s1,s2)−increasing concave order decreases the expenses in health care. Increasing risk increases the demand for health care for risk-averse and prudent individuals in the multivariate sense. Positive (negative) dependence increases (decreases) expenses in health care. Increasing the correlation produces the same results. Furthermore, the uncertainty surrounding the effectiveness of medical treatments amplifies the effect of any change in wealth and health risks. We also present some policy implications. |
| Journal | Asia-Pacific Financial Markets |
| Journal citation | 27, pp. 231-255 |
| ISSN | 1387-2834 |
| Year | 2020 |
| Publisher | Springer |
| Publisher's version | License CC BY 4.0 File Access Level Open (open metadata and files) |
| Digital Object Identifier (DOI) | https://doi.org/10.1007/s10690-019-09291-3 |
| Publication dates | |
| Published in print | Jun 2020 |
| Published online | 08 Nov 2019 |