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 …

Amenities such as good food, attentive staff, and pleasant surroundings may play an important role in hospital demand … patient perspective, hospital quality therefore embodies amenities as well as clinical quality. We also find that a one …-standard-deviation increase in amenities raises a hospital's demand by 38.4% on average, whereas demand is substantially less responsive to …

The hospital industry is one of the most important industries in the U.S., and industry structure can have profound … Hospital Survey and Construction Act of 1946, known as the Hill-Burton program, on hospital capacity, organization of the … hospital industry, and utilization. We find that the program generated substantial increases in capacity and these changes were …

increase costs. We illustrate our argument with examples taken from the insurance and the hospital industries, and discuss …

for diseases with the greatest profitability and demand elasticity. Most empirical evidence regarding hospital competition …Theoretical models of competition with fixed prices suggest that hospitals should compete by increasing quality of care … - ambulances usually take patients to the closest (or affiliated) hospital. In this paper, we derive a theoretically appropriate …

, we find that both kinds of competition lower interest rates, at least in the hospital sector …We explore the effects of two kinds of competition on the cost of capital in the tax-exempt bond market: (1 …) competition amongst underwriters and (2) competition amongst issuers (most of which are quasi-public special authorities …

We study the consequences of hospital competition for Medicare beneficiaries' heart attack care from 1985 to 1994. We … hospital markets, and how hospital competition interacts with the influence of managed care organizations to affect the key … the sample period partially explains the dramatic change in the impact of hospital competition …

In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been … applied to health care: hospital mergers, monopsony, and foreclosure. In each of these sections we review the relevant …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …