TY  - JOUR
AU  - Frank,Richard G.
AU  - Weiner,Jonathan P.
AU  - Steinwachs,Donald M.
AU  - Salkever,David S.
TI  - Economic Rents Derived from Hospital Privileges in the Market for Podiatric Services
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2207
PY  - 1988
Y2  - June 1988
UR  - http://www.nber.org/papers/w2207
L1  - http://www.nber.org/papers/w2207.pdf
N1  - Author contact info:
Richard Frank
Department of Health Care Policy
Harvard Medical School
180 Longwood Avenue
Boston, MA 02115
Tel: 617/432-0178
Fax: 617/432-1219
E-Mail: frank@hcp.med.harvard.edu

David S. Salkever
UMBC
Department of Public Policy
1000 Hilltop Circle, Public Policy 418
Baltimore, MD  21250
Tel: 410/455-8459
Fax: 410-455-8066
E-Mail: salkever@umbc.edu
AB  - This study examines the relative impacts of human capital and market conditions on the economic rents associated with hospital privileges in the market for footcare. An empirical model of hospital privileges for podiatrists is formulated based on the Pauly-Redisch model of hospital behavior. The privilege model is then incorporated into a model of podiatrists' earnings via a selection adjustment as proposed by Heckman and Lee. The results indicate the persistence of economic rents even after controlling for unobserved "quality" factors.
ER  -