| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| On the Economics of Rational Self-Medication |
| Wisdom Akpalu
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| 发表日期 | 2008
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2008
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| 语种 | 英语
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| 摘要 | It has been established in the medical literature that self-medicating with imperfect information about either the use of a genuine or counterfeit drug or based on wrong self-diagnosis of ailment, which is predominant especially in developing countries, is a risky investment in health capital. This paper models the decision to self-medicate and the demand for self-medicated drugs. We suppose that investment in self-medication depends on the perception of its effectiveness. The results obtained show that the decision to self-medicate depends on the relative price and perceived effectiveness of self-medication, the elasticity of the shadow value of health with respect to the quantity of health capital, and the relative effectiveness of self-medication in reducing the unpredictable changes in health capital. Furthermore, if an individual self-medicates, self-medication becomes a normal good: it increases if income increases; and it obeys the law of demand (i.e. it increases if its price, relative to that of the risk-free medication, decreases). Moreover, we have shown that some optimum subsidy can discourage self-medication. |
| 特色分类 | I12,I18,D81,C61
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| 关键词 | Health Production,Self-Medication,Risky Investment,Government Policy,Dynamic Analysis
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/on-the-economics-of-rational-self-medication/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117530
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推荐引用方式
GB/T 7714 |
Wisdom Akpalu. On the Economics of Rational Self-Medication. 2008.
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文件名：
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NDL2008-005.pdf
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格式：
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Adobe PDF
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