Celebi, Kaan; Hartwig, Jochen; Sandqvist, Anna Pauliina - In: International Journal of Health Economics and Management 25 (2025) 2, pp. 159-191
Baumol's (Am Econ Rev 57: 415–426, 1967) model of 'unbalanced growth' yields a supply-side explanation for the 'cost explosion' in health care. Applying a testing strategy suggested by Hartwig (J Health Econ 27: 603–623, 2008), a sprawling literature affirms that the 'Baumol effect' has both...