The measurement of hospital efficiency

Excess capacity and expense preference behaviour in National Health Systems: an application to the Spanish public hospitals

“…However, this gives rise to the additional problem that cost minimizing behaviour is imposed. McGuire [19] concluded that, in terms of the sample average values, the optimum input ratios do not differ substantially from the observed input ratios. However, L !…”

“…McGuire and Westoby [18] and McGuire [19] analyse allocative efficiency in a sample of 28 Scottish non-teaching hospitals. They estimate only the cost share equations obtained from the production function, which has the advantage of not requiring a measure of output.…”

“…Thus, by estimating system (18)- (19) it is possible to obtain the shadow value or marginal cost of the quasi-fixed input. If the amount K that is being used is optimal, r s must be equal to the market price of the input (r).…”

“…To estimate system (18)- (19) we use a fixed effect panel data model. We have chosen a translog multi-product function.…”

Excess capacity and expense preference behaviour in National Health Systems: an application to the Spanish public hospitals

“…However, this gives rise to the additional problem that cost minimizing behaviour is imposed. McGuire [19] concluded that, in terms of the sample average values, the optimum input ratios do not differ substantially from the observed input ratios. However, L !…”

“…McGuire and Westoby [18] and McGuire [19] analyse allocative efficiency in a sample of 28 Scottish non-teaching hospitals. They estimate only the cost share equations obtained from the production function, which has the advantage of not requiring a measure of output.…”

“…Thus, by estimating system (18)- (19) it is possible to obtain the shadow value or marginal cost of the quasi-fixed input. If the amount K that is being used is optimal, r s must be equal to the market price of the input (r).…”

“…To estimate system (18)- (19) we use a fixed effect panel data model. We have chosen a translog multi-product function.…”

A Study on Relationship between Technical Efficiency and Climate Change Manifestations among Sesame Farmers in Benue State, Nigeria

“…Classical textbook exposition views a technically efficient firm as producing on the isoquant/ production possibility frontier [47]. These mainstream definitions have been criticized by Ellis [46] for associating technical efficiency only with input quantities and not with input cost monetary terms.…”

Excess capacity and expense preference behaviour in National Health Systems: an application to the Spanish public hospitals

“…However, this gives rise to the additional problem that cost minimizing behaviour is imposed. McGuire [19] concluded that, in terms of the sample average values, the optimum input ratios do not differ substantially from the observed input ratios. However, L !…”

“…McGuire and Westoby [18] and McGuire [19] analyse allocative efficiency in a sample of 28 Scottish non-teaching hospitals. They estimate only the cost share equations obtained from the production function, which has the advantage of not requiring a measure of output.…”

“…Thus, by estimating system (18)- (19) it is possible to obtain the shadow value or marginal cost of the quasi-fixed input. If the amount K that is being used is optimal, r s must be equal to the market price of the input (r).…”

“…To estimate system (18)- (19) we use a fixed effect panel data model. We have chosen a translog multi-product function.…”

A Study on Relationship between Technical Efficiency and Climate Change Manifestations among Sesame Farmers in Benue State, Nigeria

“…Classical textbook exposition views a technically efficient firm as producing on the isoquant/ production possibility frontier [47]. These mainstream definitions have been criticized by Ellis [46] for associating technical efficiency only with input quantities and not with input cost monetary terms.…”

Excess capacity and expense preference behaviour in National Health Systems: an application to the Spanish public hospitals

“…However, this gives rise to the additional problem that cost minimizing behaviour is imposed. McGuire [19] concluded that, in terms of the sample average values, the optimum input ratios do not differ substantially from the observed input ratios. However, L !…”

“…McGuire and Westoby [18] and McGuire [19] analyse allocative efficiency in a sample of 28 Scottish non-teaching hospitals. They estimate only the cost share equations obtained from the production function, which has the advantage of not requiring a measure of output.…”

“…Thus, by estimating system (18)- (19) it is possible to obtain the shadow value or marginal cost of the quasi-fixed input. If the amount K that is being used is optimal, r s must be equal to the market price of the input (r).…”

“…To estimate system (18)- (19) we use a fixed effect panel data model. We have chosen a translog multi-product function.…”

A Study on Relationship between Technical Efficiency and Climate Change Manifestations among Sesame Farmers in Benue State, Nigeria

“…Classical textbook exposition views a technically efficient firm as producing on the isoquant/ production possibility frontier [47]. These mainstream definitions have been criticized by Ellis [46] for associating technical efficiency only with input quantities and not with input cost monetary terms.…”