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Production of Gross Health Investments and the Importance of Diminishing Returns

Kristian BolinBengt LiljasBjörn Lindgren

出版	Lund University Centre for Health Economics (LUCHE) [Lunds univ:s centrum för hälsoekonomi], 2002
URL	http://books.google.com.hk/books?id=6GgdYAAACAAJ&hl=&source=gbs_api

註釋People differ in their health status and in their capacity to benefit from investment in health. The reasons are many. This paper looks especially at the individual's gross health investment function, which is assumed both to exhibit diminishing returns to scale and to be dependent on the individual's level of health. Previous research has shown the importance of the first assumption for the health capital adjustment process. The effects on health-related behaviour of the technology exhibiting diminishing returns to scale and dependence on the actual amount of health capital go well beyond that result, however. Thus, this paper provides several new insights; above all it shows how different types of individuals can be distinguished by their gross health investment functions, a fact which has significant implications for both the discussion of equity in health as well as for public health policy.