Exit and inefficiency - The effects of ownership type

被引:31
作者
Deily, ME [1 ]
McKay, NL
Dorner, FH
机构
[1] Lehigh Univ, Bethlehem, PA 18015 USA
[2] Natl Sci Fdn, Arlington, VA 22230 USA
[3] Univ Florida, Gainesville, FL 32611 USA
[4] Trinity Univ, San Antonio, TX 78212 USA
关键词
D O I
10.2307/146370
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study uses data on hospital closures to examine the relation between exit and inefficiency in an industry where for-profit, nor-for-profit, and government firms coexist. The likelihood of hospital exit over the period 1986-91 is estimated as a function of hospital relative inefficiency, ownership type, and other factors, where hospital relative inefficiency is measured using residuals from estimation of a stochastic frontier cost function. We find that less efficient hospitals were more likely to exit when ownership was for-profit or nor-for-profit, but that relative inefficiency did not have a significant effect an the probability of exit for government hospitals.
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页码:734 / 747
页数:14
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