In the theoretical literature, time and medical services are essential input factors for producing health capital. Based on the idea that individuals can influence their health through health investments, we use a multi-level approach to consider the role of health relevant behaviour in the health production process. We assume that besides medical services, health relevant be-haviour and outcomes are ...
The importance of the physician-patient relationship for the health care market is beyond controversy. Recent work emphasizes a two-sided asymmetric information relationship between physician and patient. In contrast to most work looking only at the physician’s perspective, our paper concentrates on the patient’s view. Estimation results support the hypotheses that physician consultation and health ...
This paper explores the effects of insurance parameters and complementary information environment on the patient's primary prevention activity. The theoretical model is based on a principal-agent setting in which the patient acts as an agent in deciding about his prevention efforts. The insurer chooses the coverage level and therefore the level of patient's cost sharing and decides on his ...