Handbook of Health Economics, Volume 2

1st Edition

Editors: Mark Pauly Thomas McGuire Pedro Barros
Hardcover ISBN: 9780444535924
eBook ISBN: 9780444535931
Imprint: North Holland
Published Date: 22nd December 2011
Page Count: 1152
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Table of Contents

  • Preface
  • Introduction
    • What were we Looking for?
    • What's New?
    • Differences in Approaches
    • How to Use Volume 2
    • Acknowledgements

  • Chapter One: Health Care Spending Growth
    • 1 Introduction
    • 2 Spending Growth vs. Spending Level
    • 3 Technology and Spending Growth
    • 4 Models of Spending Growth
    • 5 Empirical Evidence
    • 6 Value of Spending Growth
    • 7 Conclusion
    • References

  • Chapter Two: Causes and Consequences of Regional Variations in Health Care 1
    • 1 Introduction
    • 2 An Economic Model of Regional Variations in Health Care
    • 3 Empirical Evidence on Geographic Variations in Expenditures and Utilization
    • 4 Estimating the Consequences of Regional Variation: Geography As An Instrument
    • 5 Inefficiency and the Policy Implications of Regional Variations
    • 6 Regional Variations in Health Outcomes
    • 7 Discussion and Conclusion
    • References

  • Chapter Three: The Economics of Risky Health Behaviors 1
    • 1 Introduction
    • 2 The Traditional Economic Approach to Studying Health Behaviors
    • 3 Alternative Approaches to Studying Health Behaviors
    • 4 Economic Consequences of Health Behaviors
    • 5 Strategies for Modifying Health Behaviors
    • 6 Future Directions
    • References

  • Chapter Four: Improving Health in Developing Countries
    • 1 Introduction
    • 2 Conceptual Framework for Household Decision Making
    • 3 Externalities and Public Goods
    • 4 The Impact of Price and Convenience on Prevention Behavior Against Infectious Disease
    • 5 Incentives
    • 6 Consumer Behavior, Acute Treatment, and Insurance
    • 7 Liquidity Constraints and Consumer Behavior
    • 8 Behavioral Models and Health
    • 9 Information and Heal


What new theories, evidence, and policies have shaped health economics in the 21st century?

Editors Mark Pauly, Thomas McGuire, and Pedro Pita Barros assemble the expertise of leading authorities in this survey of substantive issues.  In 16 chapters they cover recent developments in health economics, from medical spending growth to the demand for health care, the markets for pharmaceutical products, the medical workforce, and equity in health and health care. Its global perspective, including an emphasis on low and middle-income countries, will result in the same high citations that made Volume 1 (2000) a foundational text.

Key Features

  • Presents coherent summaries of major subjects and methodologies, marking important advances and revisions.
  • Serves as a frequently used non-journal reference.
  • Introduces non-economists to the best research in health economics.


Graduate students and professors worldwide working in all subdisciplines of economics and finance.


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North Holland
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"The Handbook of Health Economics has been at the core of the reading list for our graduate programme since its original publication. This new volume will enhance its position as a comprehensive and authoritative guide to the literature and broadens the scope of the original Handbook."

--Andrew M. Jones, University of York


 "This wholly-new Handbook is wonderfully up-to-date, comprehensive, accessible, and destined to be widely read by researchers, students, and policymakers. Kudos for having commissioned such outstanding authors and chosen these topics for coverage."

--Randall P. Ellis, Boston University, and President, American Society of Health Economists (ASHEcon)


"An absolutely vital must-have reference volume.  The sixteen chapters provide detailed, thorough and readable surveys of current conceptual and empirical issues, each written by distinguished active researchers."

--Ernst R. Berndt, Massachusetts Institute of Technology and the Harvard-MIT Division of Health Sciences and Technology


"Volume 1 of the Handbook rapidly gained a place amongst the most used – and borrowed - books on the shelf. Now Volume 2 looks certain to match that success, comprehensively covering more recent developments and the burgeoning international health economics literature with authority, concision and verve. Essential."

--Alastair Gray, University of Oxford

About the Editors

Mark Pauly Editor

Mark Pauly is Bendheim Professor, Professor of Health Care Management, Professor of Business and Public Policy, Professor of Insurance and Risk Management, and Professor of Economics at the Wharton School of Business, University of Pennsylvania.

Thomas McGuire Editor

Thomas McGuire is a Professor of Health Economics in the Department of Health Care Policy at Harvard Medical School and a Research Associate at the National Bureau of Economic Research. His research focuses on the design and impact of health care payment systems, the economics of health care disparities, and the economics of mental health policy and drug regulation and payment. McGuire has contributed to the theory of physician, hospital, and health plan payment. McGuire was a co-editor of the Handbook of Health Economics Volume 2 (2012) and recently completed ten years as an editor of the Journal of Health Economics.

Affiliations and Expertise

Professor of Health Economics in the Department of Health Care Policy at Harvard Medical School and a Research Associate at the National Bureau of Economic Research.

Pedro Barros Editor

Pedro Pita Barros is the 2005 winner of the "Grande-Oficial da Ordem do Infante D. Henrique," awarded by the President of Portugal. He is Editor-in-Chief of the journal "Economia da Saude - Conceitos e Comportamentos."