A note on the dynamic interaction between waiting times and waiting lists
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Measuring Delay Discounting in Humans Using an Adjusting Amount Task
Published on: January 9, 2016
1Department of Economics and Related Studies, Centre for Health Economics, University of York, UK. ls24@york.ac.uk
Abstract:
Waiting times are commonly used as a rationing device in health care and the public sector. We develop a stylised model, which predicts the dynamics of waiting times and waiting lists over time as a function of differing demand and supply parameters. We show that a path with decreasing waiting time and increasing waiting list over certain time intervals is a possible solution, which is consistent with some empirical evidence.
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