I give a brief summary of the institutional details of the U.S. healthcare sector with a special emphasis on healthcare finance. In addition to its large size, U.S. healthcare has four unique features that can be used to help answer corporate finance questions: segmented markets, variation in...

We study medical progress within an economy of overlapping generations subject to endogenous mortality. Individuals demand health care with a view to lowering mortality over their life-cycle. We characterise the individual optimum and the general equilibrium of the economy and study the impact...

The health status of people is a precious commodity and central to economic, socio-political, and environmental dimensions of any country. Yet it is often the missing statistic in all general statistics, demographics, and presentations about the portrait of immigrants and natives. In this paper...

Does medical insurance affect health care demand and in the end contribute to improvements in the health status? Evidence for China for the year 2004, by means of the China Health and Nutrition Survey (CHNS), shows that health insurance does not affect health care demand in a significant manner....

Physicians are supposed to serve patients' interests, but some are more inclined to do so than others. This paper studies how the system of health care provision affects the allocation of patients to physicians when physicians differ in altruism. We show that allowing for private provision of...

This paper studies the impact of hospital competition on waiting times. We use a Salop-type model, with hospitals that differ in (geographical) location and, potentially, waiting time, and two types of patients; high-benefit patients who choose between neighbouring hospitals (competitive...

Dieser Aufsatz stellt die entscheidungstheoretischen Grundlagen der Produktion von Gesundheitsleistungen dar und leitet daraus Schlussfolgerungen für die Gesundheitspolitik ab. Die bedeutendste Herausforderung am Beginn des 21. Jahrhunderts liegt darin, die Diffusion neuen medizinischen Wissens...

In Scandinavia, the provision of health care services has been, almost entirely, the responsibility of the public health care system. However, in the last five to seven years there has been remarkable growth in the private health care market. These health care services are obtained normally...

Ein Kollaps der Krankenhäuser und insbesondere der Intensivstationen konnte während der Covid-19-Krise in den vergangenen zwei Jahren vermieden werden. Allerdings hat die Pandemie grundlegende Probleme des deutschen Gesundheitssystems offengelegt. Es war nicht auf die Krise vorbereitet:...