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Health care markets: Their morphology, behaviour and regulation
- Source: CEPAL Review, Volume 1994, Issue 54, Dec 1994, p. 7 - 25
- Spanish
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- 31 Dec 1994
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Abstract
This article analyses the markets for health care-related goods and services. Particular attention is devoted to three of those markets: medical services, public and private hospital services, and pharmaceuticals. These three markets -which, taken together, account for between 70% and 80% of total health-care operating expenditures- have structures that are characterized by imperfect competition, marked externalities in terms of the consumption of health care, and a high degree of interdependence.
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