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The long running debate among economic historians over how long it took regional financial markets in the United States to become fully integrated should be of considerable interest to students of monetary unions. This paper reviews the debate, discusses the implications of various hypotheses...
Persistent link: https://www.econbiz.de/10013229070
The economic costs of environmental regulations have been widely debated since the U.S. began to restrict pollution emissions more than four decades ago. Using detailed production data from nearly 1.2 million plant observations drawn from the 1972-1993 Annual Survey of Manufactures, we estimate...
Persistent link: https://www.econbiz.de/10013065447
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797
1827. These estimates are used to assess the vulnerability of the antebellum iron industry to foreign competition and the …
Persistent link: https://www.econbiz.de/10012775911
of the individual insurance market, the Marketplaces invoke many of the principles of regulated competition including … the tools of regulated competition. We then discuss ways in which the Marketplace model deviates from the more …
Persistent link: https://www.econbiz.de/10012955448
The main purpose of this paper is to estimate an equilibrium model of private and public school competition that can …
Persistent link: https://www.econbiz.de/10012957373
Many goods and services can be readily provided through a series of unconnected transactions, but in health care close coordination over time and within care episodes improves both health outcomes and efficiency. Close coordination is problematic in the US health care system because the...
Persistent link: https://www.econbiz.de/10012766288
Theoretical models of competition with fixed prices suggest that hospitals should compete by increasing quality of care … for diseases with the greatest profitability and demand elasticity. Most empirical evidence regarding hospital competition … within hospitals across quality measures. And second, while we replicate the standard result that greater competition leads …
Persistent link: https://www.econbiz.de/10012979347
, quality competition came more in the form of costs that vary with hotel size, and less in the form of costs that are fixed …
Persistent link: https://www.econbiz.de/10012857730
autarkies" to a nationally integrated market. I demonstrate that the results of increased competition were" what industrial …
Persistent link: https://www.econbiz.de/10013233735