Markets for Medical Care and Medical Education: An Integrated Long-Run Structural Approach
在标准供需框架下，将医学院容量视为内生变量，构建医生服务市场的完整结构系统，利用战后数据估计模型，并通过模拟验证传统经济学在医疗领域的适用性。
This paper investigates the relationship between the market for medical care and the market for medical education. Within a standard supply and demand framework, the capacity of medical schools is considered as an endogenous element within a complete structural system of the market for physicians' services. The parameters of the model are estimated using data from the postwar period. The estimated system is then simulated both to compare it to alternative time-series forecasting approaches and to examine the nature of earnings cycles in medicine. The results of this exercise support the applicability of traditional economics to this sector of the economy.