dc.contributor.author | Hodgson, G.M. | |
dc.date.accessioned | 2009-01-15T08:12:10Z | |
dc.date.available | 2009-01-15T08:12:10Z | |
dc.date.issued | 2008 | |
dc.identifier.citation | Hodgson , G M 2008 , ' An institutional and evolutionary perspective on health economics ' , Cambridge Journal of Economics , vol. 32 , no. 2 , pp. 235-256 . https://doi.org/10.1093/cje/bem033 | |
dc.identifier.issn | 0309-166X | |
dc.identifier.other | dspace: 2299/2796 | |
dc.identifier.uri | http://hdl.handle.net/2299/2796 | |
dc.description | " This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Cambridge Journal of Economics following peer review. The definitive publisher-authenticated version [Hodgson, G.M. (2008) ' An institutional and evolutionary perspective on health economics.' Cambridge Journal of Economics 32 (2) pp.235-256] is available online at: http://cje.oxfordjournals.org/archive/ " Copyright Cambridge Political Economy Society. | |
dc.description.abstract | Neoclassical theoretical approaches dominate modern health economics. However, the peculiarities of healthcare provision are so unusual that neoclassical theory is especially unsuited to the area. Even mainstream health economists often abandon Paretian welfare considerations to focus on needs instead. Problems relating to uncertainty and externalities are also widely acknowledged. This article shows that there are additional important pecularities of healthcare that are relatively neglected in the literature. Some of these concern healthcare needs: while health itself is a universal need, needs for healthcare provision are largely involuntary, varied and idiosyncratic. These issues have important consequences for the planning of healthcare systems and the extent of transaction costs in any market-based system. These factors, combined with the inherent dynamism of modern healthcare needs and capabilities, make institutional and evolutionary approaches especially suitable for healthcare economics. © The Author 2007. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved. | en |
dc.format.extent | 22 | |
dc.format.extent | 124980 | |
dc.format.extent | 123648 | |
dc.language.iso | eng | |
dc.relation.ispartof | Cambridge Journal of Economics | |
dc.title | An institutional and evolutionary perspective on health economics | en |
dc.contributor.institution | Group for Research in Organisational Evolution | |
dc.contributor.institution | Hertfordshire Business School | |
dc.contributor.institution | Social Sciences, Arts & Humanities Research Institute | |
dc.contributor.institution | Centre for Research on Management, Economy and Society | |
dc.contributor.institution | Department of Accounting, Finance and Economics | |
dc.description.status | Peer reviewed | |
dc.identifier.url | http://www.scopus.com/inward/record.url?partnerID=yv4JPVwI&eid=2-s2.0-40749108408&md5=512c5dfd75feb79e85f75e54019d4692 | |
rioxxterms.versionofrecord | 10.1093/cje/bem033 | |
rioxxterms.type | Journal Article/Review | |
herts.preservation.rarelyaccessed | true | |