increase costs. We illustrate our argument with examples taken from the insurance and the hospital industries, and discuss …

for diseases with the greatest profitability and demand elasticity. Most empirical evidence regarding hospital competition … – ambulances usually take patients to the closest (or affiliated) hospital. In this paper, we derive a theoretically appropriate ….S. regional hospital markets to instrument for market concentration. We then estimate the model using risk-adjusted Medicare data …

patients who have greater scope for hospital choice, suggesting a role for patient demand in allocation in the hospital sector …

can attend an in-network hospital emergency department, but receive care and potentially a large, unexpected bill from an … out-of-network emergency physician working at that hospital. Because patients do not choose their emergency physician …

market shares at a point in time and are more likely to expand over time. For example, a 10 percent increase in hospital …

High and increasing hospital prices have led to calls for price regulation. If prices are high because of consolidation …'s predictions across numerous quality measures including patient satisfaction, hospital processes, risk adjusted mortality, the …

bans are not associated with statistically significant short-term declines in mortality or hospital admissions for …

We examine the evolving structure of the U.S. hospital industry since 1970, focusing on how ownership form influences … hospital chain significantly decreases the probability of exit for for-profits, but not not-for-profits …

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 …