Browsing Working papers by Subject "health investment"
Now showing items 1-2 of 2
-
Optimal Investment in Health when Lifetime is Stochastic, or, Rational Agents do not Often Follow Health Agency Recommendations
(2018-08)A health-capital model is contemplated which accounts for the consumption of many goods, a stock of health and investment in it, as well as an agent’s random lifetime and accumulation of wealth. It is shown that if an ... -
Specification of the Health Production Function and its Behavioral Implications
(University of Gothenburg, 2022-05)The health production function of the canonical health-capital model is generalized to allow the state of health to affect the total and marginal products of health investment. If the total and marginal products of health ...