Comparative dynamics in a health investment model.
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.
Eisenring
C
C
Department of Economics, University of Bern, Switzerland. christoph.eisenring@vwi.unibe.ch
D003862:Depreciation; D005060:Europe / Q000453:epidemiology; D006302:Health Services Research; D006305:Health Status Indicators; D006801:Humans; D007449:Investments / Q000191:economics; D008136:Longevity; D018803:Models, Economic; D026712:Value of Life