We investigate alternative methods for constructing quality-adjusted medical price indexes both from a theoretical perspective and empirically usingmedical claims data. A method based on utility theory produces the most robust and accurate results, while the alternative methods used in recent...

Shortages and rationing are common in health care, yet we know little about the consequences. We examine an 18-month shortage of the pediatric Haemophilus Influenzae Type B (Hib) vaccine. Using insurance claims data and variation in shortage exposure across birth cohorts, we find that the...