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Bringing institutions into health economics

Author

Listed:
  • Liliana Chicaíza
  • Mario García

Abstract

A reformulation of health economics is proposed that explicitly involves institutions. Decisions regarding health are taken under uncertainty, in the face of which institutions work and allow dealing with it. Taking institutions seriously allows moving forward from the economics of medical care (on which the mainstream has focused) to a real economics of health; it also allows explaining the growth of health expenditure as the result of the interaction of social institutions. In this approach, the unit of analysis is changed to the rule, rather than the individual agent. The subject of study is the institution.

Suggested Citation

  • Liliana Chicaíza & Mario García, 2011. "Bringing institutions into health economics," Econógrafos, Escuela de Economía 022905, Universidad Nacional de Colombia, FCE, CID.
    • Handle: RePEc:col:000176:022905
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    File URL: https://fce.unal.edu.co/centro-editorial/documentos/documentosEACP/documentos-EACP-1.pdf
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    Keywords

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    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • I10 - Health, Education, and Welfare - - Health - - - General
    • I19 - Health, Education, and Welfare - - Health - - - Other

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