This examines the increased prevalence of obesity in the context of market failure. In welfare economics, market failure is an important precondition for government intervention. Obesity in the United States has risen dramatically in the last several decades; over two thirds of American adults are overweight, and one third is obese. Obesity is a risk factor for a wide range of health conditions, including heart disease, diabetes, cancer, stroke, and osteoarthritis. In addition to the significant human costs, there are economic ramifications to the sequelae of obesity, such as increased costs associated with healthcare, disability and absenteeism.
This examines the increased prevalence of obesity in the context of market failure. In welfare economics, market failure is an important precondition for government intervention. Obesity in the United States has risen dramatically in the last several decades; over two thirds of American adults are overweight, and one third is obese. Obesity is a risk factor for a wide range of health conditions, including heart disease, diabetes, cancer, stroke, and osteoarthritis. In addition to the significant human costs, there are economic ramifications to the sequelae of obesity, such as increased costs associated with healthcare, disability and absenteeism.
Obesity, which has increased in most developed countries in the past few decades, is the result of genetics, environment, and individual choices. Economics is useful for studying the individual...
This volume consists of a broad selection of studies on the applied economics of weight and obesity. The chapters cover a wide spectrum of topics, and employ a variety of applied techniques across a...
Over the past decade, non-communicable health outcomes such as overweight and obesity have been escalating in epidemic proportions across the U.S. and, more prominently, in economically lagging...
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