Normative Health Economics
Subtitle: A New Approach to Cost Benefit Analysis, Mathematical Models and Applications
Edition: 1 edition
Publisher: Palgrave Macmillan
Published: January 23, 2007
Language: eng
Format: Hardcover
Number of pages: 288
ISBN-13: 9781403987495
Subjects: Health systems & services; Microeconomics; Costs Of Health Care; Medical; Business / Economics / Finance; Econometrics; Economic Conditions; Business & Economics / Macroeconomics; Linear Programming; Practice Management & Reimbursement; Australia; Mathematical optimization; Medical Economics; Medical care, Cost of
Description: This book modifies the existing economic theory of health analysis by integrating the issues and principles of moral philosophy in an extended framework. It also develops some operational mathematical models to show how the proposed framework for integration of moral philosophy in the area of health economics can be applied to health economics and policy evaluation. On the application side, this book operationalises the social choice theory and newđ welfare economic in health economics by combing the human capital approach, the preference approach, scientific (or clinical) information, expert opinions as well as social value judgement, in order to estimate the social costs and social benefits (newđ cost benefit analysis) of listing decisions of the Pharmaceutical Benefits Scheme in Australia. The book argues and demonstrates the advantages for adopting the principles of welfare economics, and operations research techniques for health sector planning. Computer programs based on the GAMS system and EXCEL are used to solve these models.