Advances in health economics and health services research. Volume 23, The economics of medical technology

Medical technology is profoundly important for individual health and, consequently, also for general welfare. However, because of the extensive regulation of the markets for healthcare goods and services, the development and application of medical technologies differs fundamentally from non-medical technological advances. This book looks at theoretical and empirical evidence about the medical technology market. Medical Technology Broadly Defined To Include All Aspects Of The Process Of Treating Disease (e.g., Pharmaceuticals, Medical Devices, And Surgical Procedures) Is Profoundly Important For Individual Health And, Consequently, Also For General Welfare. Advances In Medical Technology Convey The Prospect Of Both Improved Population Health And Increased General Welfare. However, Because Of The Extensive Regulation Of The Markets For Healthcare Goods And Services, The Development And Application Of Medical Technologies Differs Fundamentally From Non-medical Technological Advances. In This Volume Of The Advances In Health Economics And Health Services Research Series We Present Several Papers That Provide Theoretical And Empirical Evidence About The Market For Medical Technology. -- Back Cover Aspects Of Research And Development Contract Terms In The Bio/pharmaceutical Sector / Tannista Banerjee -- Effects Of Regulation On Drug Launch And Pricing In Interdependent Markets / Patricia M. Danzon And Andrew J. Epstein -- The Effect Of Pharmaceutical Innovation On The Functional Limitations Of Elderly Americans: Evidence From The 2004 National Nursing Home Survey / Frank R. Lichtenberg -- Comparative Effectiveness Research, Technological Abandonment, And Health Care Spending / David H. Howard And Yu-chu Shen -- How Do Initial Signals Of Quality Influence The Diffusion Of New Medical Products? The Case Of New Cancer Drug Treatments / Rena M. Conti, Arielle Bernstein And David O. Meltzer -- Technology Diffusion And Substitution Of Medical Innovations / Victoria Serra-sastre And Alistair Mcguire -- Health Insurance And Hospital Technology Adoption -- Seth Freedman Edited By Kristian Bolin, Robert Kaestner. Includes Bibliographical References. Includes various aspects of the process of treating disease (such as pharmaceuticals, medical devices, and surgical procedures) is important for individual health and, consequently, also for general welfare. This title provides theoretical and empirical evidence about the market for medical technology.