𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Economics of self-medication: theory and evidence

✍ Scribed by Fwu-Ranq Chang; Pravin K. Trivedi

Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
205 KB
Volume
12
Category
Article
ISSN
1057-9230

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

A pervasive phenomenon in developing countries is that self‐prescribed medications are purchased from drug vendors without professional supervision. In this article we develop a model of self‐medicating behavior of a utility‐maximizing consumer who balances the benefits and risks of self‐medication. The empirical investigation focuses on the role of income and health insurance on the use of self‐medication. Our data are from the World Bank's Living Standards Measurement Survey of Vietnam, 1997–1998. The results show that self‐medication is an inferior good at high income levels and a normal good at low income levels, and it shows a strong and robust negative insurance effect. Copyright © 2003 John Wiley & Sons, Ltd.

📜 SIMILAR VOLUMES

Evidence-Based Decisions and Economics (
Evidence-Based Decisions and Economics (Health Care, Social Welfare, Education and Criminal Justice) || Meta-Regression Models of Economics and Medical Research
✍ Shemilt, Ian; Mugford, Miranda; Vale, Luke; Marsh, Kevin; Donaldson, Cam 📂 Article 📅 2010 🏛 Wiley-Blackwell 🌐 English ⚖ 245 KB 👁 1 views

Evidence-based methodology is enjoying a surge in popularity, but what are the consequences of its rapid acceptance? With contributions from authors associated with the prestigious Cochrane and Campbell collaborations, this state-of-the-art review is essential reading for everyone who uses evidence

Evidence-Based Decisions and Economics (
Evidence-Based Decisions and Economics (Health Care, Social Welfare, Education and Criminal Justice) || From Evidence-Based Economics to Economics-Based Evidence: Using Systematic Review to Inform the Design of Future Research
✍ Shemilt, Ian; Mugford, Miranda; Vale, Luke; Marsh, Kevin; Donaldson, Cam 📂 Article 📅 2010 🏛 Wiley-Blackwell 🌐 English ⚖ 391 KB 👁 2 views

Evidence-based methodology is enjoying a surge in popularity, but what are the consequences of its rapid acceptance? With contributions from authors associated with the prestigious Cochrane and Campbell collaborations, this state-of-the-art review is essential reading for everyone who uses evidence

The trials of theory: Psychology and ins
The trials of theory: Psychology and institutionalist economics, 1910–1931
✍ Michael Bycroft 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 101 KB

## Abstract The rise of the institutionalist school of economics, in the 1910s and 1920s, has recently been given the historical attention it deserves. However, historical studies of the school have left two questions unanswered. First, to what extent was the institutionalist's interest in academic