Includes bibliographical references and index.

Machine generated contents note: Introduction -- Three Major Tasks of Economics -- Tools Used In Economic Analysis -- Outline of Contents -- How To Use This Book --PART I-DESCRIPTIVE ECONOMICS -- Chapter 1 - Output of the Health Care Sector -- 1.1 Introduction -- 1.2 Medical Care -- 1.3 Risk Shifting and Health Insurance -- 1.4 Health Status -- 1.5 Consumption and Investment Output -- Chapter 2 - Economic Dimensions of the Health Care System -- 2.1 Introduction -- 2.2 Economic Units and Economic Flows -- 2.3 Cost of Activities --PART II-EXPLANATORY ECONOMICS -- Chapter 3 - Demand for Medical Care: A Simple Model -- 3.1 The Concept of Demand -- 3.2 Individual Demand: The Price-Quantity Relation -- 3.3 Deriving the Demand Relationship -- 3.4 Market Demand -- 3.5 Measuring Quantity Responsiveness To Price Changes -- 3.6 Insurance, Out-of-Pocket Price, and Quantity Demanded -- 3.7 Elasticity of Demand Estimates -- Chapter 4 - Additional Topics in the Demand for Health and Medical Care -- 4.1 Introduction -- THE ECONOMICS OF HEALTH AND MEDICAL CARE -- 4.2 Implications of Health Care for Life and Health -- 4.3 External and Social Demand for Medical Care -- 4.4 Influence of Quality on the Demand for Medical Care -- 4.5 Time and Money Costs -- 4.6 The Demand for Health -- 4.7 Agency Theory and Supplier-Induced Demand -- Chapter 5 - Health Care Production and Costs -- 5.1 Introduction -- 5.2 Production: The Input-Output Relation -- 5.3 Short-Run Cost-Output Relations -- 5.4 Cost Curve Position -- 5.5 Economies of Scope -- 5.6 Long-Run Cost Curves -- 5.7 Empirical Estimation of Cost Curves -- Chapter 6 - Behavior of Supply -- 6.1 Introduction -- 6.2 A Model of Supply Behavior: An Individual For-Profit -- Company -- 6.3 Market Supply -- 6.4 Supply Behavior of Nonprofit Agencies: The Output -- Maximization Hypothesis -- 6.5 Supply Decisions Involving Quality -- 6.6 Supply Behavior of Nonprofit Agencies: The -- Administrator as Agent Model -- Chapter 7- Provider Payment -- 7.1 Introduction -- 7.2 Principal-Agent Relationships Among Payers and Providers -- 7.3 Physician Reimbursement -- 7.4 Hospital Reimbursement -- 7.5 Diagnosis-Related Groups -- 7.6 Long-Term Care Facility Reimbursement -- 7.7 Health Maintenance Organizations -- 7.8 Provider Supply under Managed Care -- Chapter 8 - Competitive Markets -- 8.1 Introduction -- 8.2 The Competitive Model: Assumptions -- 8.3 The Competitive Model: Predictions -- 8.4 Evidence for and against the Competitive Model -- 8.5 Competitive Bidding -- 8.6 Supplier-Induced Demand -- Chapter 9 - Market Power in Health Care -- 9.1 Introduction -- 9.2 Monopolistic Markets -- 9.3 Monopsony-Buyers' Market Power -- 9.4 Market Structure and Its Determinants -- 9.5 Nonprice Competition and Market Power -- Chapter 10-Health Insurance -- 10.1 Introduction -- 10.2 Demand for Health Insurance -- 10.3 Supply of Health Insurance -- 10.4 Adverse Selection in Health Insurance Markets -- Chapter 11- The Labor Market -- 11.1 Introduction -- 11.2 Demand for Labor -- 11.3 Labor Supply -- 11.4 The Competitive Labor Market -- 11.5 Market Power in Labor Markets --PART III-EVALUATIVE ECONOMICS -- Chapter 12-Value Judgments and Economic Evaluation -- 12.1 Introduction -- 12.2 Values and Standards in Economic Evaluation -- 12.3 Efficient Output Levels -- 12.4 Optimal Health Insurance -- 12.5 Extra-Welfarism -- 12.6 Concepts of Equity -- 12.7 Goals of Health Policy -- Chapter 13-Financing Health Care -- 13.1 Introduction -- 13.2 Financing Means and Burdens in the United States -- 13.3 Economic Analysis of Alternative Payment Sources -- 13.4 The Incidence of Alternative Types of Health -- Care Financing -- 13.5 The Administrative Cost of Alternative Types of -- Health Care Financing -- Chapter 14-Public Health Insurance -- 14.1 Introduction -- 14.2 Public Health Insurance -- 14.3 Uncovered Care -- 14.4 Some Trends in Public Health Insurance -- 14.5 Goals of Medicare -- 14.6 Policy Alternatives for Medicare -- 14.7 Policy Alternatives for Medicaid -- Chapter 15-Reform of the Health Care Market -- 15.1 Introduction -- 15.2 Insurance Market Reform -- THE ECONOMICS OF HEALTH AND MEDICAL CARE -- 15.3 Managed Care -- 15.4 Information and Consumer Choice -- Chapter 16-Regulation and Antitrust Policy in Health Care -- Ronald P. Wilder -- 16.1 Introduction -- 16.2 Regulation of Health Care -- 16.3 Antitrust Policy -- Chapter 17-Economic Evaluation of Health Services -- 17.1 Introduction -- 17.2 The Purposes of Economic Evaluation -- 17.3 Selecting the Right Type of Analysis -- 17.4 Guidelines for Conducting a Cost-Effectiveness Analysis -- 17.5 Cost-Benefit Analysis -- Appendix A-Glossary of Health Economics Terms -- Appendix B-Answers to Odd-Numbered Questions.