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A Dynamic Model of Supply of elective surgery in the Presence of Waiting Times and Waiting Lists

Siciliani, L. (2006) A Dynamic Model of Supply of elective surgery in the Presence of Waiting Times and Waiting Lists. Journal of Health Economics, 25 (6). pp. 891-907. ISSN 0167-6296

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Abstract

This paper analyses hospitals’ decisions regarding the supply of elective surgery in a dynamic model in the presence of waiting times and waiting lists. We show that periods of increasing (decreasing) supply and increasing (decreasing) waiting list may be optimal paths towards the steady state. We also analyse the hospitals’ response to exogenous shocks on the demand and the supply. For example, an increase in the marginal tariff for the provider generates overshooting in the supply: supply jumps upwards when the shock is introduced and then slowly reduces towards the steady-state value.

Item Type: Article
Institution: The University of York
Academic Units: The University of York > Economics and Related Studies (York)
Depositing User: York RAE Import
Date Deposited: 22 Apr 2009 09:15
Last Modified: 22 Apr 2009 09:15
Published Version: http://dx.doi.org/10.1016/j.jhealeco.2005.12.002
Status: Published
Publisher: Elsevier Science B.V., Amsterdam.
Identification Number: 10.1016/j.jhealeco.2005.12.002
URI: http://eprints.whiterose.ac.uk/id/eprint/6676

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