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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
Economic Analysis of Risk and Uncertainty Induced by Health Shocks: A Review and Extension
487
There are several avenues of future research raised by considering the role of
medical innovation in insuring health. One is in assessing the relative value of public
subsidies for medical innovation versus health insurance reforms. Much of the debate
and legislation concerning health reforms has been under the rationale of reducing
market inefficiencies in shocks to consumption induced by health shocks. Our analysis
may suggest that, given the potentially large value of smoothing health itself rather
than consumption, more explicit analysis is needed ...
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Publisher Resources

ISBN: 9780444536853