Hospital Cost Functions and Quality

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dc.contributor.authorEvans, Michael Johnen
dc.contributor.committeememberLutton, Thomas J.en
dc.contributor.committeememberWaud, Roger N.en
dc.contributor.committeememberWentzler, Nancy A.en
dc.contributor.committeememberReid, Brian K.en
dc.contributor.departmentEconomicsen
dc.date.accessioned2014-03-14T20:38:49Zen
dc.date.adate1999-06-12en
dc.date.available2014-03-14T20:38:49Zen
dc.date.issued1999-05-26en
dc.date.rdate2000-06-12en
dc.date.sdate1999-05-27en
dc.description.abstractThis study examines the significance of quality when included in the specification of a hospital cost function. Also, this research estimates a value for scale economies in order to determine if the average hospital experiences increasing returns to scale in the production of hospital care, verifying such findings in previous econometric studies. Furthermore, two functional forms are compared: the Cobb-Douglas and the translog. The results of this study demonstrate that quality has a significant impact on costs. This relationship is positive meaning increasing quality will also increase the cost of producing hospital care. The results for scale economies demonstrate that the average hospital experiences increasing returns to scale in the production of hospital care, which is consistent with previous research. Lastly, based on an F-test, this study is able to accept the translog as the appropriate functional form.en
dc.description.degreeMaster of Artsen
dc.identifier.otheretd-052799-192255en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-052799-192255/en
dc.identifier.urihttp://hdl.handle.net/10919/33297en
dc.publisherVirginia Techen
dc.relation.hasparthospcost.pdfen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectQualityen
dc.subjectNursingen
dc.subjectHospital Cost Functionsen
dc.titleHospital Cost Functions and Qualityen
dc.typeThesisen
thesis.degree.disciplineEconomicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Artsen

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