1.4 Consider the approximation of the welfare loss due to inter- area deviations from the correct rate...
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1.4 Consider the approximation of the welfare loss due to inter- area deviations from the correct rate of care. All else equal, which procedures would yield the largest welfare losses – those with low price elasticities in absolute value or those with high price elasticities in absolute value? Why is this so?
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Related Book For 
The Economics Of Health And Health Care
ISBN: 9781032309866
1st Edition
Authors: Sherman Folland; Allen C. Goodman; Miron Stano; Shooshan Danagoulian
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