We use national data from 1960 to 2000 to estimate the demand for pharmaceuticals in the United States. We then simulate consumer surplus gains from a hypothetical drug price control policy that would have limited drug price increases to the rate of inflation from 1981 to 2000. Using a range of...

This paper estimates the aggregate demand for private health insurance coverage in the U.S. using an error-correction model and by recognizing that people are without private health insurance for voluntary, structural, frictional, and cyclical reasons and because of public alternatives....

Examines the issue of higher tax rates leads to a larger market share for nonprofit hospitals by using a panel data set. Finds that higher state corporate income and local property tax rates lead to a greater market share for nonprofit hospitals.