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Uncertainty and Change : Survey Evidence of Firms' Subjective Beliefs
Bachmann, Ruediger; Carstensen, Kai; Lautenbacher, Stefan; … - National Bureau of Economic Research - 2021
This paper studies how managers plan under uncertainty. In a new survey panel on German manufacturing firms, we show that uncertainty reflects change: Planning incorporates higher subjective uncertainty about future sales growth when the firm has just experienced unusual growth, and more so if...
Persistent link: https://www.econbiz.de/10012660107
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Uncertainty Business Cycles - Really?
Bachmann, Ruediger - 2011
Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within the framework of a heterogeneous-firm dynamic stochastic general equilibrium model with fixed capital adjustment costs. In such a model, surprise increases of risk lead to a...
Persistent link: https://www.econbiz.de/10012461796
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Does Public Insurance Improve the Efficiency of Medical Care? Medicaid Expansions and Child Hospitalizations
Dafny, Leemore - 2000
terms of increased access to hospital care for newly eligible children, so that there is an overall 10% rise in child …
Persistent link: https://www.econbiz.de/10012471220
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Competition and the Cost of Capital Revisited : Special Authorities and Underwriters in the Market for Tax-emempt Hospital Bonds
Gershberg, Alec Ian - 1999
, we find that both kinds of competition lower interest rates, at least in the hospital sector …
Persistent link: https://www.econbiz.de/10012471428
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The Quality of Health Care Providers
McClellan, Mark - 1999
available quality measures, and (2) apply this method to estimating the quality of hospital care for elderly patients with heart …
Persistent link: https://www.econbiz.de/10012471457
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Comparing Hospital Quality at For-Profit and Not-for-Profit Hospitals
McClellan, Mark - 1999
yields far more accurate estimates of hospital quality than previously available. We find that, on average, for …
Persistent link: https://www.econbiz.de/10012471460
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Is Hospital Competition Socially Wasteful?
Kessler, Daniel P. - 1999
We study the consequences of hospital competition for Medicare beneficiaries' heart attack care from 1985 to 1994. We … examine how relatively exogenous determinants of hospital choice such as travel distances influence the competitiveness of … hospital markets, and how hospital competition interacts with the influence of managed care organizations to affect the key …
Persistent link: https://www.econbiz.de/10012471524
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Is There Monopsony in the Labor Market? Evidence from a Natural Experiment
Staiger, Douglas - 1999
A variety of recent theoretical and empirical advances have renewed interest in monopsonistic models of the labor market. However, there is little direct empirical support for these models, even in labor markets that are textbook examples of monopsony. We use an exogenous change in wages at...
Persistent link: https://www.econbiz.de/10012471532
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Antitrust and Competition in Health Care Markets
Gaynor, Martin - 1999
applied to health care: hospital mergers, monopsony, and foreclosure. In each of these sections we review the relevant …
Persistent link: https://www.econbiz.de/10012471682
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Do Higher-Priced Hospitals Deliver Higher-Quality Care?
Cooper, Zack; Doyle, Joseph J.; Graves, John A.; … - National Bureau of Economic Research - 2022
transport patients and have strong preferences for certain hospitals. Being admitted to a hospital with two standard deviations … hospital in a concentrated market increases spending but has no detectable effect on mortality …
Persistent link: https://www.econbiz.de/10012938778