Gaynor, Martin; Anderson, Gerard F. - 2021
hospital beds. Utilized capacity in the hospital industry, as measured by the inpatient hospital bed occupancy rate, has … which will penalize hospitals with low occupancy rates. We estimate a short run cost function for a hospital facing … strongly rejected in favor of the reformulated model. We calculate the cost of an empty hospital bed as $61,395 in 1987 dollars …
