Quality-adjusted Cost Functions and Policy Evaluation in the Nursing Home Industry
Bibliographic Data
| ID | 10172836 |
|---|---|
| Authors | Paul Gertler (0000-0003-0280-7513), Paul J Gertler, Donald M Waldman |
| Year | 1992 |
| Volume | 100 |
| Issue | 6 |
| Pages | 1232-1256 |
| Publication date | 1992-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261859 |
| OpenAlex | W2073024851 |
| Language | EN |
| Citations received | 12 |
| References cited | 5 |
Proper evaluation of cost-quality trade-offs inherent in regulatory policy requires identifying the structure of production from the behavioral response of quality to the policy change. However, estimating the structure of production with endogenous quality is difficult because of both measurement problems and data availability. The authors develop a simple method for identifying and estimating cost functions in the presence of endogenous and unobserved quality. Using this method, they estimate that a quality-adjusted cost function for nursing homes treating quality as exogenous yields seriously misleading estimates of marginal cost and economies of scale. Copyright 1992 by University of Chicago Press
Actuarial science · Business · Econometrics · Economics · Economies of scale · Function (biology · Marginal cost · Microeconomics · Nursing homes · Production (economics · Public economics · Quality (philosophy · Scale (ratio · Economic and Environmental Valuation · Efficiency Analysis Using DEA · Housing Market and Economics · Medicine · Nursing
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| Unique citing works | 12 |
|---|---|
| Citations per year | 0,39 |
| Citation span | 1995 - 2024 (30) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 12 |