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Pricing and Location of Physician Services in Mental Health

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Author Info
Richard G. Frank
Abstract

Puzzling results of a positive association between the number of physicians per capita and the level of fees for physician services have been reported in the literature. These results may be due to misspecification of econometric models and use of data aggre-gated across medical specialties. It is hypothesized that the unusual results would not persist with a carefully specified econometric model for a single medical specialty. A general model of pricing and location of physician's services is applied to the market for psychiatrist's services. The results imply that the market for psychiatrist's services operates in a manner consistent with the predictions of the competitive model.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1514.

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Date of creation: Feb 1986
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Handle: RePEc:nbr:nberwo:1514

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January. [Downloadable!] (restricted)
  2. Newhouse, Joseph P. & Phelps, Charles E. & Marquis, M. Susan, 1980. "On having your cake and eating it too : Econometric problems in estimating the demand for health services," Journal of Econometrics, Elsevier, vol. 13(3), pages 365-390, August. [Downloadable!] (restricted)
  3. Feldstein, Martin S, 1970. "The Rising Price of Physicians' Services," The Review of Economics and Statistics, MIT Press, vol. 52(2), pages 121-33, May. [Downloadable!] (restricted)
  4. Victor R. Fuchs, 1978. "The Supply of Surgeons and the Demand for Operations," NBER Working Papers 0236, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Steinwald, Bruce & Sloan, Frank A, 1974. "Determinants of Physicians' Fees," Journal of Business, University of Chicago Press, vol. 47(4), pages 493-511, October. [Downloadable!] (restricted)
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