Constant returns to scale for prescription dispensing in U.S. community pharmacy.

Abstract:

:By using data from a sample of 1767 community pharmacies, a total cost function was estimated by a polynomial regression of total cost on output. The Cobb-Douglas production function was estimated by a multiple linear regression of natural logarithmic transformations of output on natural logarithmic transformation of labor and capital. No economies of scale were found in prescription departments. Cost data led to a conclusion of constant marginal costs.

journal_name

J Pharm Sci

authors

Lohrisch D,Shull SC,Smith MC

doi

10.1002/jps.2600650208

subject

Has Abstract

pub_date

1976-02-01 00:00:00

pages

204-6

issue

2

eissn

0022-3549

issn

1520-6017

pii

S0022-3549(15)40619-7

journal_volume

65

pub_type

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