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Price elasticity of demand for psychiatric consultation in a Nigerian psychiatric service
Objective: This paper addresses price elasticity of demand (PED) in a region where most patients make payments for consultations out of pocket. PED is a measure of the responsiveness of the quantity demanded of goods or services to changes in price. The study was done in the context of an outpatient...
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| Format: | Article |
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2016
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| LEADER | 00000njm a2000000a 4500 | ||
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| 001 | oai:repository.ui.edu.ng:123456789/12595 | ||
| 042 | |a dc | ||
| 720 | |a Esan, O.B. |e author | ||
| 260 | |c 2016 | ||
| 520 | |a Objective: This paper addresses price elasticity of demand (PED) in a region where most patients make payments for consultations out of pocket. PED is a measure of the responsiveness of the quantity demanded of goods or services to changes in price. The study was done in the context of an outpatient psychiatric clinic in a sub –Saharan African country. Methods: The study was performed at the University College Hospital (UCH), Ibadan, Nigeria. Aggregate data were collected ed on weekly clinic attendance over a 24- month period October 2008 - September 2010 representing 12 months before, to 12months after a 67% increase in price of outpatient psychiatric consultation. The average weekly clinic attendance prior to the increase was compared to the average clinic attendance after the price increase. Arc-PED for consultation was also estimated. Results: Clinic attendance dropped immediately and significantly in the weeks following the price increase. There was a 34.4% reduction in average weekly clinic attendance. Arc-PED for psychiatric consultation was -0.85. Conclusion: In comparison to reported PED on health care goods and services, this study finds a relatively high PED in psychiatric consultation following an increase in price of user fees of psychiatric consultation. | ||
| 024 | 8 | |a 1680-6905 | |
| 024 | 8 | |a 1729-0504 | |
| 024 | 8 | |a ui_art_esan_price_2016. | |
| 024 | 8 | |a African Health Sciences, 16(4), pp. 1018-1022 | |
| 024 | 8 | |a https://repository.ui.edu.ng/handle/123456789/12595 | |
| 653 | |a Price Elasticity of Demand (PED) | ||
| 653 | |a outpatient psychiatric clinic | ||
| 653 | |a Nigerian | ||
| 245 | 0 | 0 | |a Price elasticity of demand for psychiatric consultation in a Nigerian psychiatric service |