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COST FUNCTIONS FOR FLORIDA HOSPITALS: AN ECONOMETRIC STUDY

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Date Issued:
1980
Summary:
The theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function including: speed of production; product heterogeneity; urbanization; control of the hospital and the interactions of control with speed of production; and product complexity. These variables significantly improve the explanatory power of the function which results in an inverted L-shaped curve.
Title: COST FUNCTIONS FOR FLORIDA HOSPITALS: AN ECONOMETRIC STUDY.
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Name(s): PIKE, STEVEN WESLEY.
Florida Atlantic University, Degree grantor
Stronge, William B., Thesis advisor
College of Business
Department of Economics
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Issuance: monographic
Date Issued: 1980
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 62 p.
Language(s): English
Summary: The theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function including: speed of production; product heterogeneity; urbanization; control of the hospital and the interactions of control with speed of production; and product complexity. These variables significantly improve the explanatory power of the function which results in an inverted L-shaped curve.
Identifier: 14012 (digitool), FADT14012 (IID), fau:10832 (fedora)
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): College of Business
Thesis (M.A.)--Florida Atlantic University, 1980.
Subject(s): Hospitals--Florida--Cost of operation
Held by: Florida Atlantic University Libraries
Persistent Link to This Record: http://purl.flvc.org/fcla/dt/14012
Sublocation: Digital Library
Use and Reproduction: Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Owner Institution: FAU
Is Part of Series: Florida Atlantic University Digital Library Collections.