ScholarLens Back to search
1981•PubMedRequires access

The role of consumer location in the demand for inpatient care.

Long Mj

Open publisher page 4 citations

Abstract

The general theory of demand allows us to postulate that the quantity of any good is a function of its own price, the price of other goods and services, consumer income, and consumer tastes. Consumer tastes might then be viewed as encompassing all unspecified variables that might influence the consumer's demand. From this, the demand function for inpa tient care can be derived. Utilization can be equated with observed demand,1 and price and income can be considered economic vari? ables. Then the theoretical utilization func? tion, or demand function, for inpatient care can be specified as:

About this research paper

What this paper is about

The general theory of demand allows us to postulate that the quantity of any good is a function of its own price, the price of other goods and services, consumer income, and consumer tastes. Consumer tastes might then be viewed as encompassing all unspecified variables that might influence the consumer's demand. From this, the demand function for inpa tient care can be derived. Utilization can be equated with observed demand,1 and price and income can be considered economic vari? ables. Then the theoretical utilization func? tion, or demand function, for inpatient care can be specified as:

Why it matters

OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The general theory of demand allows us to postulate that the quantity of any good is a function of its own price, the price of other goods and services, consumer income, and consumer tastes. Consumer tastes might then be viewed as encompassing all unspecified variables that might influence the consumer's demand. From this, the demand function for inpa tient care can be derived. Utilization can be equated with observed demand,1 and price and income can be considered economic vari? ables. Then the theoretical utilization func? tion, or demand function, for inpatient care can be specified as:

Key concepts: Consumer demand, Demand curve, Economics, Function (biology), Demand management, Consumer behaviour, Microeconomics, Public economics

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
The role of consumer location in the demand for inpatient care. — Research Paper | ScholarLens