Allocative inefficiency in the production of hospital services.
Allocative inefficiency variations in the short-term hospital industry were investigated in an effort to fill a void in the literature on hospital cost. The data used to estimate the non-minimum cost function were derived from a cross-section of 331 short-term U.S. hospitals. Eakin and Knieser's a...
| Publicado en: | Southern Economic Journal Vol. 58; pp. 240 - 249 |
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| Formato: | Artículo |
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Southern Economic Association
July 1991
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512367662&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512367662 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: July 1991 vid: 58 pid: 1482 pub: Southern Economic Association artinfo: ui: 512367662 10.2307/1060045 ppf: 240 ppct: 9 formats: tig: atl: Allocative inefficiency in the production of hospital services. aug: au: Eakin, B. Kelly su: Resource allocation -- Mathematical models Mathematical models Hospitals -- Cost of operation sug: subj: Resource allocation -- Mathematical models Mathematical models Hospitals -- Cost of operation keyword: Hospitals -- Administration -- Mathematical models ab: Allocative inefficiency variations in the short-term hospital industry were investigated in an effort to fill a void in the literature on hospital cost. The data used to estimate the non-minimum cost function were derived from a cross-section of 331 short-term U.S. hospitals. Eakin and Knieser's allocative inefficiency estimates were regressed against hospital characteristics predicted by theory to be determinants of inefficiency. The results suggest that allocative inefficiency, in the form of overcapitalization and underemployment of physicians, is about 5 percent of minimum cost, or approximately $2.2 billion in 1976. The regulatory environment, market share, and hospital size were found to be related to allocative inefficiency. Competition may increase efficiency in the production of hospital services, while regulations that restrict entry may increase inefficiency. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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