Time Spent on Waiting Lists for Medical Care: An Insurance Approach

Magnus Johannesson, Per-Olov Johansson () and Tore Söderqvist
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Per-Olov Johansson: Dept. of Economics, Stockholm School of Economics, Postal: Stockholm School of Economics, P.O. Box 6501, S-113 83 Stockholm, Sweden

No 192, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: In this paper, we develop a simple model of the benefits and costs of being on a waiting list. The model shows that complex factors are in operation, implying that a shorter waiting time need not necessarily be preferred to a longer waiting time. We also present an empirical study, where a sample of Swedes are offered the possibility of purchasing private insurance, thus reducing waiting time for surgery beyond the three-month guarantee offered by the public sector health care system. Respondents could choose between two insurance contracts. A 'spike' model, where the probability of a zero WTP is strictly positive, was developed and estimated to obtain demand functions for private insurance.

Keywords: Insurance; waiting lists; willingness to pay; demand functions for insurance; spike models. (search for similar items in EconPapers)
JEL-codes: D61 I10 I11 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1997-09-05
New Economics Papers: this item is included in nep-hea, nep-ias and nep-mic
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Citations: View citations in EconPapers (3)

Published in Journal of Health Economics, 1998, pages 627-644.

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Journal Article: Time spent on waiting lists for medical care: an insurance approach (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0192

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