THE RISING PRICE OF PHYSICIANS SERVICES - A CORRECTION AND EXTENSION ON SUPPLY
成果类型：
Note
署名作者：
BROWN, DM
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.2307/2109898
发表日期：
1994-05
页码：
389-393
关键词：
摘要：
The effect of changing prices on the supply of physicians' services has important policy implications. In this note, a correction of previous work on supply by the author in this shows that with aggregate data the price elasticity of supply is zero. However, using individual physician data in the context of a utility-maximizing model of supply, it is found that the price elasticity of supply is about -0.2. This result could portend serious problems ahead for recently enacted Medicare pricing strategies to contain physician spending.
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