Waiting times are a major policy concern in publicly funded health systems across OECD countries. Economists have argued that, in the presence of excess demand, waiting times act as nonmonetary prices to bring demand for and supply of health care in equilibrium. Using administrative data disaggregated by region and surgical procedure over 2010–2014 in Italy, we estimate demand and supply elasticities with respect to waiting times. We employ linear regression models with first differences and instrumental variables to deal with endogeneity of waiting times. We find that demand is inelastic to waiting times while supply is more elastic. Estimates of demand elasticity are between −0.15 to −0.24. Our results have implications on the effectiveness of policies aimed at increasing supply and their ability to reduce waiting times.

The effect of waiting times on demand and supply for elective surgery : evidence from Italy

A. Riganti
;
2017-01-01

Abstract

Waiting times are a major policy concern in publicly funded health systems across OECD countries. Economists have argued that, in the presence of excess demand, waiting times act as nonmonetary prices to bring demand for and supply of health care in equilibrium. Using administrative data disaggregated by region and surgical procedure over 2010–2014 in Italy, we estimate demand and supply elasticities with respect to waiting times. We employ linear regression models with first differences and instrumental variables to deal with endogeneity of waiting times. We find that demand is inelastic to waiting times while supply is more elastic. Estimates of demand elasticity are between −0.15 to −0.24. Our results have implications on the effectiveness of policies aimed at increasing supply and their ability to reduce waiting times.
2017
2017
demand; elective surgery; supply; waiting times
Riganti, A.; Siciliani, L.; Fiorio, C.
File in questo prodotto:
File Dimensione Formato  
Health Economics - 2017 - Riganti - The effect of waiting times on demand and supply for elective surgery Evidence from.pdf

non disponibili

Tipologia: Versione Editoriale (PDF)
Licenza: Copyright dell'editore
Dimensione 302.69 kB
Formato Adobe PDF
302.69 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11383/2166895
Citazioni
  • ???jsp.display-item.citation.pmc??? 4
  • Scopus 21
  • ???jsp.display-item.citation.isi??? 20
social impact