How to Make the Entries in Your Principal Books for the Payments Which Have to be Made by Draft or Through the Bank.

Brown, R. Gene; Johnston, Kenneth S.

doi:10.4324/9780429058523-20

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“…Although the global blood bank market is projected to climb up to $40bn in 2024 (Market Study Report, 2019), the US blood bank outlook is unpromising. In fact, the US blood revenue dropped to $1.5bn in 2014 compared to $5bn before 2008 (Brown, 2017). The plunge continues as the number of US blood transfusions has dropped by 33% to 11m units over the past five years (Market Study Report, 2019).…”

Section: The Dominant Firm-competitive Fringe Model and The Blood Marketmentioning

confidence: 99%

The fundamental economics of the blood service industry in the United States: summarizing the structural design and market dynamics

Edwards

Morrison

2023

JBSE

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PurposeThe purpose of this paper is to provide the foundational economics, both in theory and practice, to describe the current competitive and operational market dynamics of the blood service industry in the United States of America.Design/methodology/approachThe paper applies the dominant firm-competitive fringe model to describe how pricing is determined within the blood service industry, with particular focus on the nonprofit business model. The research also describes the role of government as one of the major determinants of pricing through regulatory demands.FindingsThe longstanding, free-market based economic foundations of the blood service industry have proven to be adequate in meeting the blood needs of the United States (US). Though there are clear market inefficiencies associated with the dominant firm model, none of the proposed solutions target the contractual and resulting pricing inefficiencies that persist because of the market structure.Originality/valueIn order to add value to the blood industry professionals, it is imperative to provide the foundational economics driving the current macro-level blood industry of the US.

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Section: The Dominant Firm-competitive Fringe Model and The Blood Marketmentioning

confidence: 99%

The fundamental economics of the blood service industry in the United States: summarizing the structural design and market dynamics

Edwards

Morrison

2023

JBSE

View full text Add to dashboard Cite

show abstract

How to Make the Entries in Your Principal Books for the Payments Which Have to be Made by Draft or Through the Bank.

Cited by 1 publication

References 0 publications

The fundamental economics of the blood service industry in the United States: summarizing the structural design and market dynamics

The fundamental economics of the blood service industry in the United States: summarizing the structural design and market dynamics

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