Faculty News
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Prof. William Baumol's theory, Cost Disease, is applied to the healthcare industry
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Excerpt from The Guardian -- "While some industries might be able to do things more efficiently through management being freed to downsize and respond to market incentives, healthcare is different. This effect is known as Baumol's cost disease, after the New York University economist William Baumol."
Faculty News
—
Excerpt from The Guardian -- "While some industries might be able to do things more efficiently through management being freed to downsize and respond to market incentives, healthcare is different. This effect is known as Baumol's cost disease, after the New York University economist William Baumol."