Template-type: ReDIF-Paper 1.0
Author-Name: Azomahou, Theophile
Author-Email: azomahou@merit.unu.edu
Author-Workplace-Name: UNU-MERIT/MGSoG, Maastricht University
Author-Name: Soete, Luc
Author-Email: soete@merit.unu.edu
Author-Workplace-Name: UNU-MERIT/MGSoG, Maastricht University
Author-Name: Diene, Bity
Author-Workplace-Name: University of Auvergne, CERDI
Author-Name: Diene, Mbaye
Author-Workplace-Name: University Cheikh-Anta-Diop, CRES
Title: Optimal health investment with separable and non-separable preferences 
Abstract: We use a general equilibrium framework to study optimal health
 	investment in a dynamic model where agents derive utility from
 	consumption and health. The steady state and the dynamics of the model
 	are studied under separable and non-separable preferences. A shock
 	undermining health which increases health expenditure and weakens the
 	income base, not only affects savings but also compromises the
 	consumption capacity. The magnitude of the effects strongly depends on
 	the preferences. The dynamics of the model includes the equilibrium
 	dynamics and bifurcations. Simulation experiments lend additional
 	supports to our findings in favor of the non-separable preferences.  
Classification-JEL: L14, L20, D85, O30
Keywords: network formation, strategic alliances, innovation, network strategy,
	 interfirm networks 
Series: UNU-MERIT Working Papers
Creation-Date: 2012
Number: 2012-047
File-URL: https://unu-merit.nl/publications/wppdf/2012/wp2012-047.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2012047