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In this paper we present a theory of health investment when there are multiple causes of death. Since there are several risks competing for one's life, the health investments in avoiding different causes of death are not independent in general. We analyze the optimal investment rules and the...
Persistent link: https://www.econbiz.de/10011409040
Persistent link: https://www.econbiz.de/10002757070
In this paper we present a theory of health investment when there are multiple causes of death. Since there are several risks "competing" for one's life, the health investments in avoiding different causes of death are not independent in general. We analyze the optimal investment rules and the...
Persistent link: https://www.econbiz.de/10013320620