Purpose – The purpose of this paper is to construct a theoretical framework for analyzing the connection between economic growth, demand for medical care, and economic health. Design/methodology/approach – The economy is composed of two sectors, one of medical care goods and the other of...

Purpose – The purpose of this paper is to measure the social loss occurring due to the inability of the government to use the real public demand function. Design/methodology/approach – The authors developed a model that enables maximization of the public utility of a given public budget by...