Exploring differences between private and public prices in the English care homes market
| Autor: | Julien E. Forder, Stephen Allan, Katerina Gousia |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Financing
Government Financing Personal Public economics Care homes 030503 health policy & services Health Policy Local authority Health Care Sector Nursing Homes Competition (economics) 03 medical and health sciences 0302 clinical medicine Work (electrical) England Fees and Charges Patients' Rooms Costs and Cost Analysis H1 030212 general & internal medicine Business Market power 0305 other medical science Nursing homes |
| ISSN: | 1744-1331 |
| Popis: | This work quantitatively assesses the potential reasons behind the difference in prices paid by care home residents in England. Evidence suggests that the price paid by private payers is higher than that paid for publicly supported residents, and this is often attributed to the market power wielded by local authorities as the dominant purchaser in local markets. Estimations of private prices at the local authority level are used to assess the difference in price paid between private and public prices, the fees gap, using data from 2008 to 2010. Controlling for local area and average care home characteristics, the results indicate that both care home and local authority market power play a role in the price determination of the market. |
| Databáze: | OpenAIRE |
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