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A Structural Approach to Market Definition With an Application to the Hospital Industry
Gaynor, Martin - 2011
the hospital industry, where the courts have denied seven of eight merger challenges since 1994, due largely to … previously employed methods overstate hospital demand elasticities by a factor of 2.4 to 3.4 and define larger markets than would … environment for hospital mergers …
Persistent link: https://www.econbiz.de/10012462001
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Do Hospitals Cross Subsidize?
David, Guy - 2011
Cross-subsidies are often considered the principal mechanism through which hospitals provide unprofitable care. Yet, hospitals' reliance on and extent of cross-subsidization are difficult to establish. We exploit entry by cardiac specialty hospitals as an exogenous shock to incumbent hospitals'...
Persistent link: https://www.econbiz.de/10012461357
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An Empirical Model of the Medical Match
Agarwal, Nikhil - 2014
product of labor, with larger markdowns at more desirable programs. Therefore, a limited number of positions at high quality … market. I find that financial incentives increase the quality, but not the number of rural residents. Quantity regulations … increase the number of rural trainees, but the impact on resident quality depends on the design of the intervention …
Persistent link: https://www.econbiz.de/10012457899
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Product Quality and Worker Quality
Abowd, John M. - 1995
We study the relation between product quality and worker quality using an economic model that, under certain conditions …, provides a direct link between product price, product quality and work force quality. Our measures of product quality are the …. Our worker quality measures are the firm's average person effect and personal characteristics effect from individual wage …
Persistent link: https://www.econbiz.de/10012473810
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Coase, Hotelling and Pigou : The Incidence of a Carbon Tax and CO2 Emissions
Heal, Geoffrey - 2019
A carbon tax has been widely discussed as a way of reducing fossil fuel use and mitigating climate change, generally in a static framework. Unlike standard goods that can be produced, oil is an exhaustible resource. Parts of its price reflects scarcity rents, i.e., the fact that there is limited...
Persistent link: https://www.econbiz.de/10012480033
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Hotelling Under Pressure
Anderson, Soren T. - 2014
We show that oil production from existing wells in Texas does not respond to price incentives. Drilling activity and costs, however, do respond strongly to prices. To explain these facts, we reformulate Hotelling's (1931) classic model of exhaustible resource extraction as a drilling problem:...
Persistent link: https://www.econbiz.de/10012458386
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Wages and the Allocation of Hours and Effort
Bils, Mark - 1999
We examine the impact of wage stickiness when employment has an effort as well as hours dimension. Despite wages being predetermined, the labor market clears through the effort margin. We compare this model quantitatively to models with flexible and sticky wages, but no effort margin. Allowing...
Persistent link: https://www.econbiz.de/10012471475
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New Evidence on Sectoral Labor Productivity : Implications for Industrialization and Development
Herrendorf, Berthold; Rogerson, Richard Donald; … - National Bureau of Economic Research - 2022
Moving labor from agriculture to manufacturing - "industrialization" - is often viewed as essential for the development of poor countries. We present new evidence on the channels through which industrialization can help poor countries close the productivity gap with rich countries. To achieve...
Persistent link: https://www.econbiz.de/10013172134
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Labor Market Fluidity and Human Capital Accumulation
Engbom, Niklas - National Bureau of Economic Research - 2022
Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job-to-job mobility is more common. A life-cycle theory of job shopping and accumulation of skills on the job highlights that a more fluid labor market allows workers to faster...
Persistent link: https://www.econbiz.de/10012814473
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Labor Productivity Growth and Industrialization in Africa
McMillan, Margaret Stokes; Zeufack, Albert G. - National Bureau of Economic Research - 2021
Manufacturing has made an important contribution to raising living standards in many parts of the world. Concerns about premature deindustrialization have made some observers skeptical about the potential for manufacturing to play this role in Africa. But employment in African manufacturing has...
Persistent link: https://www.econbiz.de/10012794598