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Persistent link: https://www.econbiz.de/10000676626
The nature, and normative properties, of competition in health care markets has long been the subject of much debate …. In particular, policymakers have exhibited a great deal of reservation toward competition in health care markets, as … care markets, concern about reduced competition has arisen. This concern, however, cannot be properly evaluated without a …
Persistent link: https://www.econbiz.de/10012471947
expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a … by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …
Persistent link: https://www.econbiz.de/10012463337
show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …
Persistent link: https://www.econbiz.de/10012463876
provides an introduction to the economics of 2SPs and its application to several competition policy issues …
Persistent link: https://www.econbiz.de/10012467074
The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the...
Persistent link: https://www.econbiz.de/10012473366
A large literature on misallocation and productivity has arisen in recent years, with Hsieh and Klenow (2009; hereafter HK) as its standard empirical framework. The framework's usefulness and theoretical founding make it a valuable starting point for analyzing misallocations. However, we show that...
Persistent link: https://www.econbiz.de/10012453514
This paper investigates the dynamic behavior of an economy with multiple Nash equilibria. The first part of the paper analyzes an abstract game exhibiting multiple equilibria. A history dependent selection criterion is proposed which induces correlated behavior in equilibrium even though agents...
Persistent link: https://www.econbiz.de/10012476680
We develop a framework to study analytically and quantitatively relentless cross-border casino competition with social …-border gambling. By calibrating the model to fit the Detroit-Windsor market, we find that cross-border competition induces both cities …
Persistent link: https://www.econbiz.de/10012453744
The correlation between productivity and competition is an oft-observed but ill-understood result. Some suggest that … there is a treatment effect of competition on measured productivity, e.g. through a reduction of managerial slack. Others … argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals …
Persistent link: https://www.econbiz.de/10012479699