Health Economics / Edition 5

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Overview

Health Economics combines current economic theory, recent research, and health policy issues into an accessible overview of the field. Recent research illustrates core economic concepts, which are then used to focus on key policy areas, such as the structure and effects of Medicare reform, insurance plan design, and emerging medical technologies.
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Editorial Reviews

From the Publisher
“Although other excellent textbooks have appeared since the first edition, Phelps remains the gold standard.”
—Alan Garber, Stanford University

“It is an excellent book, well written, clear, provides both a good understanding of the structure of the health care system and the stakeholders, and presents economic analyses to explain their behavior.”
—Dana Mukamel, University of California–Irvine

“I think the text is well organized. …It is more a story than a textbook in some places, and I like that feature. It is as if Phelps has taken what he knows that is appropriate for an undergraduate audience and written it down and we can just upload it. Rather than an encyclopedic attempt at covering the field (which I think many textbooks attempt, and I find less engaging).”
—Shirley Svorny, California State University–Northridge

“The greatest strength of this text is its emphasis on current research. In each chapter, Phelps includes concise and meaningful citations to the latest and most important research.”
—Jeffrey Milyo, Tufts University

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Product Details

  • ISBN-13: 9780132948531
  • Publisher: Prentice Hall
  • Publication date: 6/12/2012
  • Edition number: 5
  • Pages: 552
  • Sales rank: 328,040
  • Product dimensions: 8.20 (w) x 10.20 (h) x 1.30 (d)

Meet the Author

Charles E. Phelps went to the University of Rochester in 1984 as professor and director of the Public Policy Analysis Program, a graduate program offered by the Department of Political Science, in conjunction with the Department of Economics. In 1989 he became chair of the Department of Community and Preventive Medicine in the School of Medicine and Dentistry. He became Provost in July 1, 1994, and served until July 31, 2007. As Provost, he was responsible for overseeing the academic activity of the University, including teaching, research, and supporting services (e.g., libraries, information technology, and technology transfer) in each of the University's six schools. He currently holds the titles of University Professor and Provost Emeritus.

Phelps has achieved national and international recognition for his scholarly research. In 1991 he was elected to the Institute of Medicine of the National Academy of Sciences and to the National Bureau for Economic Research. He served for six years on the Report Review Committee of the National Academies.

Phelps is currently a Fellow at the Center for Advanced Studies in the Behavioral Sciences at Stanford University (academic year 2008–2009).

Provost Emeritus Phelps participated from 1997 to 2007 in the Association of American Universities’ Committee on Digital Technology and Intellectual Property Rights, and was an active participant in the AAU's work in areas involving related topics. He testified before Congress in June 1998 on issues pertaining to the implementation of the World Intellectual Property Organization (WIPO) treaty and has spoken on related matters in conferences on these issues sponsored by, among others, the Department of Commerce. In July 2005, he testified on Patent Reform for the Senate Judiciary Committee's Subcommittee on Intellectual Property.

Provost Emeritus Phelps earned his bachelor’s degree from Pomona College in Claremont, California. He then earned both an MBA in hospital administration and PhD in economics from the University of Chicago. Before beginning his career at the University of Rochester, Phelps worked at the RAND Corporation from 1971 to 1984.

Phelps served from 1998–2006 on the Board of Trustees for the Council on Library and Information Resources (CLIR) in Washington, DC, the last two years as Chair. He currently serves on the Board of Trustees of the Center for Research Libraries in Chicago, and on the Board of Directors of VirtualScopics, Inc., a diagnostic-imaging technology company located in Rochester, New York. He also serves as an advisor to CVT, a pharmaceutical company in Palo Alto, California.

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Table of Contents

Ch. 1 Why Health Economics? 1

Ch. 2 Utility and Health 32

Ch. 3 The Transformation of Medical Care to Health 56

Ch. 4 The Demand for Medical Care: Conceptual Framework 91

Ch. 5 Empirical Studies of Medical Care Demand and Applications 126

Ch. 6 The Physician and the Physician Firm 165

Ch. 7 Physicians in the Marketplace 197

Ch. 8 The Hospital as a Supplier of Medical Care 238

Ch. 9 Hospitals in the Marketplace 269

Ch. 10 The Demand for Health Insurance 300

Ch. 11 Health Insurance Supply and Managed Care 345

Ch. 12 Government Provision of Health Insurance 376

Ch. 13 Medical Malpractice 420

Ch. 14 Externalities in Health and Medical Care 453

Ch. 15 Managing the Market: Regulation and Technical Change in Health Care 484

Ch. 16 Universal Insurance Issues and International Comparisons of Health Care Systems 529

Author's Postscript 569

App Introduction to Basic Economics Concepts 571

Bibliography 595

Acknowledgments 623

Index 625

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