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Testing for ownership mix efficiency : the case of the nursing home industry

Author: Rexford E Santerre; John A Vernon; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2005.
Series: Working paper series (National Bureau of Economic Research), no. 11115.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
"This paper offers an empirical test of ownership mix efficiency in the U.S. nursing home industry. We test to compare the benefits of quality assurance with the costs from the attenuation of property rights that result from an increased presence of nonprofit organizations. The empirical results suggest that too few nonprofit nursing homes may exist in the typical market area of the U.S. The policy implication is  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Rexford E Santerre; John A Vernon; National Bureau of Economic Research.
OCLC Number: 57613177
Notes: February 2005.
Description: 1 online resource (23 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 11115.
Responsibility: Rexford E. Santerre, John A. Vernon.

Abstract:

"This paper offers an empirical test of ownership mix efficiency in the U.S. nursing home industry. We test to compare the benefits of quality assurance with the costs from the attenuation of property rights that result from an increased presence of nonprofit organizations. The empirical results suggest that too few nonprofit nursing homes may exist in the typical market area of the U.S. The policy implication is that more quality of care per dollar might be obtained by attracting a greater percentage of nonprofit nursing homes into most market areas"--National Bureau of Economic Research web site.

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