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Hospital Technology in a Nonmarket Health Care System
Author(s) -
Bilodeau Daniel,
Crémieux PierreYves,
Ouellette Pierre
Publication year - 2002
Publication title -
southern economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 58
eISSN - 2325-8012
pISSN - 0038-4038
DOI - 10.1002/j.2325-8012.2002.tb00435.x
Subject(s) - nonmarket forces , production (economics) , set (abstract data type) , business , health care , industrial organization , economics , microeconomics , computer science , economic growth , factor market , programming language
This article presents a quantitative analysis of the production of hospital services in a nonmarket environment based on production theory and a very complete data set on the hospital industry. It provides both insights into the optimality of the hospital industry structure and a useful framework to evaluate the impact of anticipated industry structural changes. We find that the industry structure is far from optimal; it is characterized by overcapitalization and would experience difficulty responding to increased demand for some types of services.