This is the most complete text available on the economics of health behavior and health care delivery. The text provides the key analytical tools required to understand current research and models existing complexities as they are.

Health Economics presents a systematic treatment of the economics of health behavior and health care delivery. Appropriate both for advanced undergraduate and graduate students of economics, this text provides the background required to understand current research,

presenting theoretical models as well as empirical evidence and summarizing key results. Without neglecting ethical concerns, modern microeconomic theory is applied to

formulate theoretical implications and predictions. Issues discussed include the economic valuation of life and health, moral hazard in health care utilization, supplier-induced demand, the search for remuneration systems with favorable incentives, risk selection in health insurance markets, and technological change in medicine.

Readers will know the issues and future challenges confronting healthcare systems, have the tools used in the international literature for analyzing these issues and challenges and be acquainted with the crucial stylized facts and pieces of econometric evidence Includes supplementary material: sn.pub/extras

Autorentext

Peter Zweifel is emeritus professor from the University of Zürich and is a specialist for microeconomic theory and its applications. Aaron Praktiknjo is an Assistant Professor of Energy Resource and Innovation Economics at RWTH Aachen University and is, among others, a specialist for energy security. Georg Erdmann is Professor for Energy Systems at the Berlin University of Technology and member of the independent expert group who assess the German energy transformation in Germany on behalf of the federal government.

Inhalt
Economic Valuation of Life and Health.- Individuals as Producers of Their Health.- Empirical Studies of the Production of Health.- Health Goods, Market Failure and Justice.- Optimal Health Insurance Contracts.- Risk Selection in Health Insurance Markets.- Physicians as Suppliers of Medical Services.- Hospital Services and Efficiency.- Paying Providers.- Forms of Delivery of Medical Care.- The Market for Pharmaceuticals.- The Political Economy of Health Care.- Future Challenges to Health Care Systems.