Results (
Thai) 1:
[Copy]Copied!
So far we have simply followed Grossman’s formulation in continuous time. See Wagstaff (1986), Wolfe (1985), Zweifel andBreyer (1997), and Ehrlich and Chuma (1990) for similar formulations. Our formulation differs however in one crucial respect from prior work: we explicitly impose the constraint that medical care is non-negative for all ages and allow for corner solutions in which individuals do not demand medical care
Being translated, please wait..
