ELASTICITY ESTIMATES FROM A DYNAMIC-MODEL OF INTERRELATED DEMANDS FORPRIVATE AND PUBLIC ACUTE HEALTH-CARE

Authors
MCAVINCHEY ID YANNOPOULOS A
Citation
Id. Mcavinchey et A. Yannopoulos, ELASTICITY ESTIMATES FROM A DYNAMIC-MODEL OF INTERRELATED DEMANDS FORPRIVATE AND PUBLIC ACUTE HEALTH-CARE, Journal of health economics, 12(2), 1993, pp. 171-186
Citations number
14
Categorie Soggetti
Heath Policy & Services",Economics
Journal title
Journal of health economics → ACNP
ISSN journal
01676296
Volume
12
Issue
2
Year of publication
1993
Pages
171 - 186
Database
ISI
SICI code
0167-6296(1993)12:2<171:EEFADO>2.0.ZU;2-G
Abstract
This paper investigates the private/public mix in acute health care pr ovision in the UK. It uses an interrelated shares model derived from a translog function combined with dynamic adjustment. Using prices for public care constructed from NHS waiting lists, the insurance cost of private care and the retail price index, impact, intermediate and long run elasticities of demand for private and public care are obtained. The role of hospital consultants and of an aging population are also c onsidered.