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- Title
STATE REGULATION AND HOSPITAL COSTS.
- Authors
Antel, John J.; Ohsfeldt, Robert L.; Becker, Edmund R.
- Abstract
The effects of various regulations on hospital costs are estimated using a two decade long panel data set which spans the initiation, and in some instances the repeal, of various forms of hospital regulation The long panel fosters two improvements over previous research First, as state hospital cost levels may affect states' incentive to regulate, fixed effect estimators alleviate omitted variable bias derived from the states' regulatory discretion Second, the long panel permits the estimation of many different regulatory program effects, but also facilitates the analysis of potential regulatory program interaction The empirical results suggest that previous studies have exaggerated regulatory cost savings although some interaction effects are indicated, hospital costs appear unresponsive to most regulatory programs.
- Subjects
HOSPITAL costs; OPERATING costs; COST; STATE regulation; STATE hospitals; RESEARCH
- Publication
Review of Economics & Statistics, 1995, Vol 77, Issue 3, p416
- ISSN
0034-6535
- Publication type
Article
- DOI
10.2307/2109904