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A reformulation of the Feynman chessboard model

✍ Scribed by G. N. Ord


Publisher
Springer
Year
1992
Tongue
English
Weight
553 KB
Volume
66
Category
Article
ISSN
0022-4715

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Previous tests of Grossman's model of the demand for health have been based on Grossman's own empirical formulation. This paper argues that this formulation fails to capture the dynamic character of the model. It proposes an alternative formulation, which appears to be more consistent with Grossman'