Chakravarty, Sujoy; Gaynor, Martin; Klepper, Stephen; … - 2005
entry and exit behavior. We develop theoretical predictions based on the model of Lakdawalla and Philipson, in which for-profit … and not-for-profit hospitals differ regarding their objectives and costs of capital. The model predicts for-profits would … using data for all U.S. hospitals from 1984 through 2000. Examining annual and regional entry and exit rates, for-profit …