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Principles in Health Economics and Policy$
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Jan Abel Olsen

Print publication date: 2009

Print ISBN-13: 9780199237814

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199237814.001.0001

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What makes the market for health care different?

What makes the market for health care different?

(p.47) Chapter 3 What makes the market for health care different?
Principles in Health Economics and Policy

Jan Abel Olsen

Oxford University Press

Public intervention in the market for health care is based on two quite separate reasons: ‘market failures’ and equity. This chapter explores the nature of market failures, emphasizing the efficiency reasons for regulating health care markets. Exercises and suggested readings are included at the end of the chapter.

Keywords:   health care, market failures, equity, health care market, efficiency

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