Ownership Form and Consumer Welfare: Evidence from the Nursing Home Industry
This paper compares the likely consumer benefits of higher quality with the potentially greater production costs that result from increased not-for-profit activity in a nursing home services market area. The comparison of consumer benefits and costs is made possible by observing empirically how an i...
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| Main Authors: | , |
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| Format: | Book |
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SAGE Publishing,
2007-11-01T00:00:00Z.
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| Online Access: | Connect to this object online. |
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| Summary: | This paper compares the likely consumer benefits of higher quality with the potentially greater production costs that result from increased not-for-profit activity in a nursing home services market area. The comparison of consumer benefits and costs is made possible by observing empirically how an increased market penetration of not-for-profit facilities affects the use of private-pay nursing home care. Increased (decreased) use of nursing home care suggests that the consumer benefits associated with additional not-for-profit nursing homes are greater (less) than consumer costs. The empirical results indicate that, from a consumer's perspective, too few not-for-profit nursing homes may exist in the typical market area of the United States. The policy implication is that more quality of care per dollar might be obtained by attracting a greater percentage of not-for-profit nursing homes into many market areas. |
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| Item Description: | 0046-9580 10.5034/inquiryjrnl_44.4.381 |