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ESTIMATING PRICE ELASTICITY OF DEMAND FOR MEDICAL CARE SERVICES IN THAILAND |
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| รหัสดีโอไอ | |
| Creator | Yuthapoom Thanakijborisut |
| Title | ESTIMATING PRICE ELASTICITY OF DEMAND FOR MEDICAL CARE SERVICES IN THAILAND |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2557 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 6 |
| Journal No. | 1 |
| Page no. | 19-40 |
| Keyword | demand for medical care services, price elasticity, Thailand |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | This paper estimates price elasticities of demand for medical care services of inpatient and outpatient in Thailand. The variation in prices comes from six different medical insurance plans. A price of the medical care services faced by an individual holding an insurance plan is measured by the average out-of-pocket medical care costs of patients who hold the same medical insurance plan. I estimate the price elasticities by using a probit regression model. The price elasticities of demand for all inpatient care services range from -0.06 to -0.10 while the price elasticities of demand for all outpatient care services range from -0.15 to -0.22. These findings are in line with the available literature. They are also consistent with the hypothesis that inpatient care services are less price-responsive to the demands for medical care services than outpatient care services. |
