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Persistent link: https://www.econbiz.de/10000724970
In this paper, we derive a discrete choice model of the demand for medical care from a theoretical model that implies a natural interrelation between price and income. We show that, in the context of a discrete choice model, if health is a normal good, then the price elasticity of the demand for...
Persistent link: https://www.econbiz.de/10013324145
In this paper, we derive a discrete choice model of the demand for medical care from a theoretical model that implies a natural interrelation between price and income. We show that, in the context of a discrete choice model, if health is a normal good, then the price elasticity of the demand for...
Persistent link: https://www.econbiz.de/10012476769