The growing application of cost-effectiveness (CE) analysis and controversies about its methods has led to a need to explore its welfare economic foundations. Examination of its welfare theoretic foundations can provide a rationale for selecting specific standards for the application of CE...

Long-term care is an important means of providing basic and humanitarian care for elderly Americans who are severely disabled. The demand for long-term care is likely to increase dramatically as baby-boomers begin to reach advanced ages. Long-term care has been a focus of health care reform...

Providing and financing long-term care of the elderly are among the most challenging policy issues facing the aging American population. This study examines characteristics and selected measures of utilization in the population most likely to use long-term care. It investigates characteristics...

We consider the welfare consequences of nudges to encourage exercise habit formation. We analyze a randomized trial of nudged exercise commitment contracts using a time-inconsistent intertemporal utility maximization model of the demand for exercise. Our empirical analysis shows that people who...

The U.S. health system has been described as the most competitive, heterogeneous, inefficient, fragmented, and advanced system of care in the world. In this paper, we consider two questions: First, is the U.S. health care system productively efficient relative to other wealthy countries, in the...