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Theoretical considerations suggest that nonlinear health care price schedules have heterogeneous effects on health care demand. In this paper, we develop and apply a finite mixture bivariate probit model to analyze whether there are heterogeneous reactions to the introduction of a nonlinear...
Persistent link: https://www.econbiz.de/10010212657
This paper revisits the airline schedule-buffer choice problem analyzed by Brueckner, Czerny and Gaggero (2020) using a simpler model where the random shocks influencing flight times are discrete rather than continuous. The analysis yields closed-form solutions for the flight and ground buffers...
Persistent link: https://www.econbiz.de/10012270584
We consider a multi-service transportation system in which passengers are heterogeneous along two dimensions, namely ideal departure time and value of time, leading to both horizontal and vertical differentiation. We investigate the behavior of passengers, and assess how service pricing and...
Persistent link: https://www.econbiz.de/10012103986
This paper presents an extensive theoretical and empirical analysis of the choice of schedule buffers by airlines. With airline delays a continuing problem around the world, such an undertaking is valuable, and its lessons extend to other passenger transportation sectors. One useful lesson from...
Persistent link: https://www.econbiz.de/10012110214
We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect …
Persistent link: https://www.econbiz.de/10003850156
Persistent link: https://www.econbiz.de/10003612755
This study investigates hospitals’ dynamic incentives to select patients when hospitals are remunerated according to a prospective payment system of the DRG type. Given that prices typically reflect past average costs, we use a discrete-time dynamic framework. Patients differ in severity...
Persistent link: https://www.econbiz.de/10010412307
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 …
Persistent link: https://www.econbiz.de/10012024415
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10003763172
This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible …
Persistent link: https://www.econbiz.de/10003763299