Chakravarty, Sujoy; Gaynor, Martin; Klepper, Steven; … - In: Health Economics 15 (2006) 4, pp. 345-361
We examine the evolving structure of the US hospital industry since 1970, focusing on how ownership form influences entry and exit behavior. We develop theoretical predictions based on the model of Lakdawalla and Philipson, in which for-profit and not-for-profit hospitals differ regarding their...
