The economic aspects of the medical care market are not easily analyzed with traditional economic theory. In this article, a relatively recent revision of the traditional theory of consumer choice is used to analyze some of the phenomena that have been observed in this market. The comparative...

This study explores why registered nurses employed in nonprofit nursing homes earn higher wages than those employed in proprietary facilities. Previous studies have explained this finding in a property rights context, where higher wages were posited to result from the weaker incentives for cost...