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A Panel Data Design For Estimation Of Hospital Cost Functions

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  • Kathleen Carey

Abstract

This paper estimates a multiple-output hospital cost function using a panel data technique that allows for correlation between unobservable individual effects and observable determinants of behavior. Analysis of 1733 facilities for the period of 1987-1991 yields estimates that differ widely from those obtained from a more standard cross-sectional procedure. While the latter method results in negative and stable measures of ray economies of scale, the panel model indicates positive economies of scale that fall slightly over time. © 1997 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology

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  • Kathleen Carey, 2000. "A Panel Data Design For Estimation Of Hospital Cost Functions," The Review of Economics and Statistics, MIT Press, vol. 79(3), pages 443-453, August.
    • Handle: RePEc:tpr:restat:v:79:y:2000:i:3:p:443-453
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    File URL: http://www.mitpressjournals.org/doi/pdf/10.1162/003465300556850
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    Cited by:

    1. Robin G. Milne & Robert E. Wright, 2004. "Competition and Costs: Evidence from Competitive Tendering in the Scottish National Health Service," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(1), pages 1-23, February.

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