framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … uncertainty decreases the rate of efficient service provision and leads to less trade. In theory, insurance also decreases the …

We develop a dynamic model of hospital competition where (i) waiting times increase if demand exceeds supply; (ii …) patients choose a hospital based in part on waiting times; and (iii) hospitals incur waiting time penalties. We show that … to higher waiting times. These results are robust to different game-theoretic solution concepts, designs of the hospital …

This paper studies the impact of hospital competition on waiting times. We use a Salop-type model, with hospitals that … from the closest hospital (monopoly segment). Compared with a benchmark case of monopoly, we find that hospital competition … hospital competition, the effect of increased competition depends on the parameter of measurement: Lower travelling costs …

Management research has long focused on the theory of the firm, studying for-profit organizations that produce … organizational theory, innovation economics, and industrial organization should therefore be critically examined. …

The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV …

, endogenous formation of efficient long-run employment relations. Our results inform the theory of the firm by showing how …

This paper develops and applies a test of the property rights theory of the firm in the context of global input …