Producing H and Z Both Health and Home good Z must be produced with time and market inputs Ht=H(Htn,TH,Mt) Z=Z (T,J) Mt=market inputs for health H Ex:weights,treadmill Jt=market inputs for home goods Z Ex:video games,opera tickets Today's health Ht also depends on yesterday's health Ht This is health'sthird role as a stock which we discuss later Health as an input into production Bhattacharya,Hyde and Tu-HealthEconomicsBhattacharya, Hyde and Tu – Health Economics Producing H and Z Both Health and Home good Z must be produced with time and market inputs Ht = H (Ht-1 , Tt H, Mt ) Zt = Z (Tt Z , Jt )  Mt= market inputs for health H  Ex: weights, treadmill  Jt= market inputs for home goods Z  Ex: video games, opera tickets  Today’s health Ht also depends on yesterday’s health Ht-1  This is health’s third role as a stock which we discuss later Health as an input into production