A1499
Title: Pricing of long-term care: The case of elderly home
Authors: Chi Ho Tang - Hong Kong Shue Yan University (Hong Kong) [presenting]
Abstract: The existing literature on long-term care is complemented through the study of private elderly home market in Hong Kong. The contributions are three-folded. First, it studies the price dispersion of the ancillary long-term services, and explains how spatial difference or searching cost affects its price dispersion. Then, it applies hedonic pricing model to examine three levels of factors (i.e. package level, elderly home level and district level) that significantly explain the monthly rental of elderly home. Finally, it formulates the measure for healthcare premium. Directions for future research will be discussed.
