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Economics of Aesthetic Surgery
Arch Facial Plast Surg. 2002;4:200.
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| Since this article does not have an abstract, we have provided the first 150 words of the full text and any section headings. |
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I read the article by Alsaraff et al1
with great interest and am pleased that the authors attempted to build on
my previous work examining the economics of aesthetic surgery. I am concerned,
however, by their assumptions, methods, analysis, and conclusions.
The authors argue that since aesthetic surgery is a luxury good, increased
prices inexorably lead to increased demand and revenues. Before the authors
and their readers embark on a campaign of radical price increases and plan
early retirement, I would suggest a careful review of the processes the authors
used to arrive at this conclusion.
Alsaraff et al attempt to create a demand curve for aesthetic surgery
using survey data. They show that those who do more procedures charge higher
fees. They then present a regression analysis and create a "linear curve fit"
graph and label it an upward sloping demand curve, arguing that increased
fees led to higher . . . [Full Text of this Article]
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