This paper offers an empirical test of ownership mix efficiency in the U.S. hospital services industry. The test …

yields far more accurate estimates of hospital quality than previously available. We find that, on average, for …

characteristics. The findings are best explained by differences in the objectives adopted by hospital types rather than differences in … capital constraints faced by them. Preliminary evidence suggests that hospital behavior depends on the ownership form of …

hospital ownership in the urban context. We examine differences in the provision of profitable and unprofitable medical … services in rural areas across nonprofit, for-profit, and government hospitals. We also consider the effect of hospital … ownership mix within rural hospital markets. We find that rural nonprofit hospitals are more likely than for-profit hospitals to …

We examine the evolving structure of the U.S. hospital industry since 1970, focusing on how ownership form influences … hospital chain significantly decreases the probability of exit for for-profits, but not not-for-profits …

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