Life on a farm has changed over the last several decades. When I was young, farm life created a community where every member had a role and every member was cared for throughout their normal life. But as time progressed, … read more
To increase profitability, consider economies of size, an important component of any decision regarding capital expenditures. The fourth article in the Exploring Veterinary Economics series on strategies for pricing discusses pricing as it relates to the business’ cost structure.”
“No one denies that the world needs more veterinary services than are currently available. Then why aren’t those services in higher demand? Read Turning Need Into Demand to learn about the factors that affect the quantity demanded and the factors that … read more
The market for veterinary services is the final piece of the puzzle in connecting the three vertically-related markets comprising the veterinary profession, i.e., the market for veterinary education, the market for veterinarians, and the market for veterinary services. Read the … read more
Continue to explore why the three vertically-related veterinary service markets operate independently and efficiently. This week learn about the market for veterinarians.
Students are still pursuing their dreams and consuming veterinary education. Explore veterinary economics and learn about why and how the market for veterinary education operates both independently and efficiently.
The markets for veterinary services, veterinarians, and veterinary students are three independent but vertically-related markets. Learn about what information is used to help the markets coordinate their supply and demand.
For many years the AVMA has conducted surveys and has provided a tabulation of the data to the veterinary profession. These tabulations provide simple averages of compensation for new veterinarians (Senior Survey) and all veterinarians (Biennial Economic Survey). Using only simple … read more
This weeks issue of Exploring Economics looks at the loss in demand resulting from the recent economic recession. Like all other service industries, veterinary services has seen a large reduction in demand growth and this has been a major contributor … read more