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Nonparametric analysis of returns to scale in the US hospital industry (repli...
This paper presents new estimates of scale economies for US hospitals. We show that the common translog specification of hospital costs is a misspecification, and employ... -
Health insurance and savings over the life cycle—a semiparametric smooth coef...
Individuals save for future uncertain health care expenses. This is less efficient than pooling health risk through insurance. The provision of comprehensive health insurance...