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Coinsurance rate elasticity of demand for medical care in a stochastic optimization model

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dc.contributor.authorSidorenko, Alexandraen_AU
dc.date.accessioned2002-10-11en_US
dc.date.accessioned2004-05-19T05:09:16Zen_US
dc.date.accessioned2011-01-05T08:34:31Z
dc.date.available2004-05-19T05:09:16Zen_US
dc.date.available2011-01-05T08:34:31Z
dc.date.created2001en_AU
dc.description.abstractThis paper proposes a model of demand for medical care under uncertainty and incorporates an insurance contract with a constant coinsurance rate. Health capital and wealth are modelled as Wiener processes. A theoretical relationship between the coinsurance rate elasticity of the demand for medical care and the coinsurance elasticities of health and wealth is established. Direction and magnitude of change in demand for medical care are shown to depend on the degree of the relative risk aversion with respect to health. Coinsurance rate elasticities of consumption and leisure have also been obtained.en_AU
dc.format.extent1254968 bytesen_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.urihttp://hdl.handle.net/1885/40094en_AU
dc.language.isoen_AUen_AU
dc.relation.ispartofseriesNational Centre for Epidemiology and Population Health (NCEPH) Working Paper: No. 45en_AU
dc.rightsAuthor/s retain copyrighten_AU
dc.subjectcoinsurance rate elasticityen_AU
dc.subjectdemand for medical careen_AU
dc.subjectstochastic optimization modelen_AU
dc.titleCoinsurance rate elasticity of demand for medical care in a stochastic optimization modelen_AU
dc.typeWorking/Technical Paperen_AU
dcterms.accessRightsOpen Accessen_AU
local.contributor.affiliationNCEPHen_US
local.contributor.affiliationANUen_US
local.description.refereednoen_US
local.identifier.citationmonthnoven_US
local.identifier.citationyear2001en_US
local.identifier.eprintid587en_US
local.rights.ispublishedyesen_US
local.type.statusPublished Versionen_AU

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