NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Henry Hansmann

Yale Law School
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NBER Working Papers and Publications

January 2003Ownership Form and Trapped Capital in the Hospital Industry
with Daniel Kessler, Mark B. McClellan
in The Governance of Not-for-Profit Organizations, Edward L. Glaeser, editor
June 2002Ownership Form and Trapped Capital in the Hospital Industry
with Daniel Kessler, Mark McClellan: w8989
Over the past 20 years, demand for acute care hospital services has declined more rapidly than has hospital capacity. This paper investigates the extent to which the preponderance of the nonprofit form in this industry might account for this phenomenon. We test whether rates of exit from the hospital industry differ significantly across the different forms of ownership, and especially whether secular nonprofit hospitals reduce capacity more slowly than do other types of hospitals. We estimate the effect of population changes (a proxy for changes in demand) at the zip-code level between 1985 and 1994 on changes in the capacity of for-profit, secular nonprofit, religious nonprofit, and public hospitals over the same period, holding constant metropolitan statistical area (MSA) fixed effect...

Published:

January 1996The Changing Roles of Public, Private, and Nonprofit Enterprise in Education, Health Care, and Other Human Services
in Individual and Social Responsibility: Child Care, Education, Medical Care, and Long-Term Care in America, Victor R. Fuchs, editor
 
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