Volume 7, Number 2 (Spring) 1972
Holtmann, A. G. 1972. "Prices, Time, and Technology in the Medical Care Market." Journal of Human Resources 7(2):179-190.
The economic aspects of the medical care market are not easily analyzed with traditional economic theory. In this article, a relatively recent revision of the traditional theory of consumer choice is used to analyze some of the phenomena that have been observed in this market. The comparative static implications of the model are discussed in detail and the implications of the model in the medical care market are studied. Particular attention is devoted to the type of medical care delivery system selected by the consumer.
The author is Professor of Economics at the State University of New York at Binghamton. The project upon which this article is based was performed pursuant to Contract No. HSM 110-70-355 with the Health Services and Mental Health Administration, Department of Health, Education, and Welfare. The author acknowledges, with appreciation, the comments of Morley Gunderson and Burton Weisbrod.
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