Abstract
How do registered nurses balance the number of hours they work against their other commitments? This article begins by challenging the common assertion that “there is a nursing shortage.” This subjective “needs” approach ignores economic theory. Instead, two economic models are useful: Arrow-Capron and the Archibald Monopsony models. These models are applied to a survey of 644 nurses in Nebraska, concluding that there is a nursing shortage because hospitals do not pay high enough wages.
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