We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies …

We develop a dynamic model of hospital competition where (i) waiting times increase if demand exceeds supply; (ii …

demand. The merging firms will increase (reduce) both quality and price if the degree of competition is sufficiently stronger …