Hospital payment regulation has historically been introduced to meet multiple policy objectives. The primary objective …

Despite the popularity of price cap regulation in practice, the economic literature provides relatively little guidance … regulation, and when product-specific costs and productivity cannot be measured; (2) when the pricing decisions of the regulated …

for surgical ones. We further use a 2008 policy where Medicare implemented financial penalties for certain hospital …

mandated minimum levels of patients per nurse in the hospital setting. When the law was passed, some hospitals already had … acceptable staffing levels, while others had nurse staffing ratios that did not meet mandated standards. Thus changes in hospital …

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 …

financial health affect different aspects of hospital operation. In our study, we analyze this issue focusing on hospital access … account both hospital's current and past financial health as well as their expected financial outlook (i.e., whether there is …