Cost characteristics of hospitals.

@article{Smet2002CostCO,
  title={Cost characteristics of hospitals.},
  author={Mike Smet},
  journal={Social science & medicine},
  year={2002},
  volume={55 6},
  pages={895-906}
}
  • Mike Smet
  • Published 2002 in Social science & medicine
Modern hospitals are complex multi-product organisations. The analysis of a hospital's production and/or cost structure should therefore use the appropriate techniques. Flexible functional forms based on the neo-classical theory of the firm seem to be most suitable. Using neo-classical cost functions implicitly assumes minimisation of (variable) costs given that input prices and outputs are exogenous. Local and global properties of flexible functional forms and short-run versus long-run… CONTINUE READING

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