Testing for Ownership Mix Efficiency: The Case of the Nursing Home Industry
Rexford Santerre () and
John A. Vernon
No 11115, NBER Working Papers from National Bureau of Economic Research, Inc
Abstract:
This paper offers an empirical test of ownership mix efficiency in the U.S. nursing home industry. We test to compare the benefits of quality assurance with the costs from the attenuation of property rights that result from an increased presence of nonprofit organizations. The empirical results suggest that too few nonprofit nursing homes may exist in the typical market area of the U.S. The policy implication is that more quality of care per dollar might be obtained by attracting a greater percentage of nonprofit nursing homes into most market areas.
JEL-codes: I1 L2 L3 (search for similar items in EconPapers)
Date: 2005-02
New Economics Papers: this item is included in nep-hea
Note: EH
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