The Efficiency of Nursing Home Chains and the Implications of Nonprofit Status: A Comment

Kris Knox, Eric Blankmeyer and J Stutzman

Journal of Real Estate Portfolio Management, 2001, vol. 7, issue 2, 177-182

Abstract: Executive Summary. Anderson, Lewis and Webb (1999) find that nursing facilities are relatively cost inefficient, profit-seeking homes are less inefficient than nonprofit facilities and chain facilities are more inefficient than independent firms. The purpose of this comment is to support and extend their findings. We also find that profit-seeking facilities are more efficient than nonprofit homes. However, chain facilities are significantly more efficient when both technical (cost) and allocative (price) efficiency are considered. Hence, we are reluctant to accept their policy recommendation that mergers and subsidies to chain facilities be discouraged.

Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2001.12089639 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:repmxx:v:7:y:2001:i:2:p:177-182

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/repm20

DOI: 10.1080/10835547.2001.12089639

Access Statistics for this article

Journal of Real Estate Portfolio Management is currently edited by Peng Liu and Vivek Sah

More articles in Journal of Real Estate Portfolio Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().