The friction cost method: a comment
Article Abstract:
The friction cost method appears to be an unsuitable substitute for the human-capital approach in estimating indirect costs because it is founded on implausible assumptions not based on the neoclassical economic theory. The constant application of the friction cost method will also result to the approach's use in direct costs estimation, a development that will significantly decrease health care program costs. The method was also sought as a substitute to the human-capital approach in indirect costs estimation.
Publication Name: Journal of Health Economics
Subject: Health care industry
ISSN: 0167-6296
Year: 1997
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The effect of comorbidities on treatment decisions
Article Abstract:
Medical decisions, which generally focus on single risk diseases, tend to ignore the existence of multiple sources of risks. The QALY method determines the impact of the patient's aversion towards health status risk on the treatment prone behavior.
Publication Name: Journal of Health Economics
Subject: Health care industry
ISSN: 0167-6296
Year: 2003
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