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Statistical Life (VSL) derived from Willingness To Pay (WTP) for mortality risk reduction was used to assess the costs of … premature mortality, whereas the Cost of Illness (COI) Approach was applied for the estimation of the costs of excessive …
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.68 percent of GDP. Under the WTP approach, mortality cost is significantly higher. Research limitations/implications: In spite of …-attributable health consequences in Greece, using the most recent data for all specific-cause mortality and morbidity outcomes. Employing …
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In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle theory in which individuals take into account the fact that the consumption of addictive goods reduces their health and longevity. I distinguish two types of addiction: perfect and...
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In this paper, I introduce depression to the economics of human health and aging. Based on studies from happiness research, depression is conceptualized as a drastic loss of utility and value of life (life satisfaction) for unchanged fundamentals. The model is used to explain how untreated...
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Rationale: In several cost-of-illness studies for different settings, diabetes care has been shown to be considerably cost-intensive. Also, obesity is known to increase health care cost. However, although obesity is widespread among patients with diabetes, data on the impact of obesity on...
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