No study to date has empirically explored the characteristics associated with the market demand for real estate services. This study uses microeconomic theory and a panel data set of metropolitan statistical areas (MSAs) in the United States to uncover elasticity estimates of the market demand...

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.

The new drug cost offset theory argues that new drugs pay for themselves by keeping people out of expensive medical facilities. However, few studies have tested this theory at the macroeconomic level to determine if system-wide savings actually accrue. This article provides two tests of the new...

This study examines if health care costs in the United States are affected by Baumol's cost disease. It relies on an empirical test proposed by Hartwig (2008) and extended by Colombier (2010) and uses a panel data set of 50 states over the 1980–2009 period. The results suggest that health care...

This paper uses a panel data set of Connecticut communities to offer several empirical insights into the economics of local public health services. First, the demand characteristics associated with local public health services are explored. Tax-share, income, and aid elasticities of local public...