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Current market conditions for veterinary services in the U.S

Author

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  • Clinton L. Neill
  • Rodney B. Holcomb
  • B. Wade Brorsen

Abstract

The veterinary industry has been plagued by low growth in income, yet flourished in growth of new veterinarians. By using a labour-/work-hour approach that allows for proper matching of the data, we develop a supply and demand model of companion animal services in the veterinary medicine profession. We use data from two unique sources that allow demand estimation by companion animal type and lets supply vary by practice type. The results here suggest that low income growth, relative to doctors and dentists, may be from allowing supply to outpace demand for veterinary services.

Suggested Citation

  • Clinton L. Neill & Rodney B. Holcomb & B. Wade Brorsen, 2018. "Current market conditions for veterinary services in the U.S," Applied Economics, Taylor & Francis Journals, vol. 50(60), pages 6501-6511, December.
  • Handle: RePEc:taf:applec:v:50:y:2018:i:60:p:6501-6511
    DOI: 10.1080/00036846.2018.1489518
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    Cited by:

    1. Steinbach, Sandro, 2023. "The Corporatization of Veterinary Medicine: An Empirical Analysis of Its Impact on Independent Practices," 2023 Annual Meeting, July 23-25, Washington D.C. 335481, Agricultural and Applied Economics Association.

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