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This paper addresses the impact of payment systems on the rate of technology adoption. We present a model where technological shift is driven by demand uncertainty, increased patients’ benefit, financial variables, and the reimbursement system to providers. Two payment systems are studied:...
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Technological advance has been a primary driver of healthcare expenditures in the twentieth century and continues to be so. This paper models the electoral politics of government support for R&D. A forward-looking median voter has to take account of a wide variety of interdependencies even in a...
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Despite an increasing recognition of the importance of health for economic growth, there is still a lack of … growth model with overlapping generations in which life expectancy depends on health care utilization per capita and on … high, the effect becomes weaker and potentially negative because health improvements are increasingly difficult to achieve …
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