Demand curves, economists, and desert islands: a response to Feldman and Dowd

Article Abstract:

Demand curves for medical care may be inaccurate measures of consumer utility, and do not validate choices, which may be poor, reflecting what people are prepared to pay rather than how much a purchase is worth to the consumer. There is also empirical evidence which suggests that consumers behave in ways which economic theory does not foresee. Traditional methods of welfare loss are being replaced by new methods which include the concept of how appropriate a service is.

Welfare economics

---

A model is only as good as its assumptions: a reply to Peele

Article Abstract:

Models of health care decisions should reflect the real world, and patients are unlikely to have access to all the information they need to make rational decisions, however much effort is put into education. This is the key issue in assessing the usefulness of traditional welfare models, which should be abandoned since they do not reflect the real world. Studies of the effectiveness of medical care are more appropriate in assessing welfare losses.

Evaluation, Medical economics

---

Evaluating welfare losses in the health care market

Article Abstract:

Assigning marginal valuations to medical care as measured in units is flawed as a means of calculating welfare losses in medical care, and this, rather than traditional ways of measuring welfare, is the problem uncovered by Rice in relation to consumer ignorance. There is a need to develop a way to measure marginal medical care costs in units which can be compared with patients' perceptions of the marginal value of medical care.

Marginal utility

Similar abstracts:

• Abstracts: Expert shows path to collaborative success. Hospitals and medical staffs: the concept of planning takes on new meaning
• Abstracts: Inching toward EDI: experts look at obstacles. Big response to free Data Bank software
• Abstracts: PROs, providers and physicians to collaborate on cardiac outcomes. AAFP: reform hinges on more family MDs
• Abstracts: The lobbyists. Getting the message out: the AHA gears up to respond to the White House reform plan. Reform...still waiting; providers and policy experts peer ahead at Clinton's big plan
• Abstracts: Fairmont General: CEO orchestrates harmony among players. Building a rural model. Lutheran Medical Center

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.