Demand for health: a generalised Grossman model

J Health Econ. 1982 May;1(1):5-28. doi: 10.1016/0167-6296(82)90019-4.

Abstract

The demand for health and medical care is analysed within a generalised Grossman-type health investment model. Its underlying assumptions are shown to differ from those employed earlier in a manner which avoids some of the criticisms levelled at Grossman's model. The comparative static predictions of the generalised model are examined; and it is demonstrated that most previous health investment models are derivable from it. Also, the present model is applicable to a new, wider range of problems thus increasing the scope of economic explanations of health behaviour.

Publication types

  • Research Support, Non-U.S. Gov't

MeSH terms

  • Age Factors
  • Health Services Needs and Demand / economics*
  • Health Services Research / economics*
  • Humans
  • Investments
  • Models, Theoretical*
  • Socioeconomic Factors