Miraldo, Marisa; Siciliani, Luigi; Street, Andrew - In: Journal of Health Economics 30 (2011) 1, pp. 112-125
Abstract We analyse the properties of optimal price adjustment to hospitals when no lump-sum transfers are allowed and when prices differ to reflect observable exogenous differences in costs. We find that: (a) when the marginal benefit from treatment is decreasing and the cost function is the...