employment probabilities after allowing for academic failure rates, the direct and opportunity costs of schooling, and the impact …

allow for heterogeneity in costs and qualities, we also show that a softer budget can raise quality for high-cost patients …We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i …. Softer budgets reduce cost efficiency, while the effect on quality is ambiguous. For given cost efficiency, softer budgets …

We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect … costs (increased substitutability) or a higher number of hospitals. With semi-altruistic providers and a fairly general cost … structure, we show that the relationship between competition and quality is generally ambiguous. In contrast to the received …

demand). If production costs are strictly convex, the steady state quality is higher under the open-loop solution than under …We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … the open-loop solution (providers choose the optimal quality investment plan based on demand at the initial period) and …

A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … with more noise in the private signals or more correlation among the costs parameters. In fact, for large values of noise … distortionary market power above full information levels and welfare losses which can be counteracted by subsidies. As the market …

uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … private signals or more correlation among the costs parameters. In fact, for large values of noise or correlation supply …