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The nature, and normative properties, of competition in health care markets has long been the subject of much debate …. In particular, policymakers have exhibited a great deal of reservation toward competition in health care markets, as … care markets, concern about reduced competition has arisen. This concern, however, cannot be properly evaluated without a …
Persistent link: https://www.econbiz.de/10013235279
A feature of many insurance markets is that they combine vertical differentiation (all consumers prefer high to low-coverage policies) and adverse selection (high cost customers prefer high-coverage plans). Building on Novshek and Sonnenschein (1978) and Azevedo and Gottlieb (2017), this paper...
Persistent link: https://www.econbiz.de/10014263157
expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a … by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …
Persistent link: https://www.econbiz.de/10013156542
show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …
Persistent link: https://www.econbiz.de/10012764629
provides an introduction to the economics of 2SPs and its application to several competition policy issues …
Persistent link: https://www.econbiz.de/10013239972
The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the...
Persistent link: https://www.econbiz.de/10013252312
A large literature on misallocation and productivity has arisen in recent years, with Hsieh and Klenow (2009; hereafter HK) as its standard empirical framework. The framework's usefulness and theoretical founding make it a valuable starting point for analyzing misallocations. However, we show this...
Persistent link: https://www.econbiz.de/10012930346
We develop a framework to study analytically and quantitatively relentless cross-border casino competition with social …-border gambling. By calibrating the model to fit the Detroit-Windsor market, we find that cross-border competition induces both cities …
Persistent link: https://www.econbiz.de/10012944642
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
This paper builds a new model of financial exchange competition, tailored to the institutional details of the modern US …
Persistent link: https://www.econbiz.de/10012870055