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We study the relation between product quality and worker quality using an economic model that, under certain conditions, provides a direct link between product price, product quality and work force quality. Our measures of product quality are the evolution in the detailed product price relative...
Persistent link: https://www.econbiz.de/10013227755
characteristics. The findings are best explained by differences in the objectives adopted by hospital types rather than differences in … capital constraints faced by them. Preliminary evidence suggests that hospital behavior depends on the ownership form of …
Persistent link: https://www.econbiz.de/10013217628
hospital ownership in the urban context. We examine differences in the provision of profitable and unprofitable medical … services in rural areas across nonprofit, for-profit, and government hospitals. We also consider the effect of hospital … ownership mix within rural hospital markets. We find that rural nonprofit hospitals are more likely than for-profit hospitals to …
Persistent link: https://www.econbiz.de/10013127428
hospital markets. Secondary objectives include estimating hospital demand systems useful for market definition and merger … simulation. To this end, we estimate a structural model of demand and pricing in the short term hospital industry in California … for-profits. We simulate the effects of the 1997 merger of two hospital chains. In unconcentrated markets such as Los …
Persistent link: https://www.econbiz.de/10013227188
This paper provides experimental evidence on the effect of increased competition on prices and quality in the retail … areas where the number of entrants was larger. Competition seems to have driven part of the clientele away from incumbent …
Persistent link: https://www.econbiz.de/10013055197
increase costs. We illustrate our argument with examples taken from the insurance and the hospital industries, and discuss …
Persistent link: https://www.econbiz.de/10012766288
infarction (reported by the state of California). Measures of competition are constructed for each hospital and payer type. The … of competition for HMO patients decrease risk-adjusted hospital mortality rates. Conversely, increases in competition for …. Increasing competition has little net effect on hospital quality for our sample …
Persistent link: https://www.econbiz.de/10013245092
Despite substantial interest in the determination of quality, there has been little empirical work in the area. The problem, of course, is the general lack of data on quality. This paper overcomes the data problem by constructing a Multiple Indicator Multiple Cause (MIMIC) model of quality...
Persistent link: https://www.econbiz.de/10013324148
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 …
Persistent link: https://www.econbiz.de/10013310323
We develop a new model of quality to capture the idea that even if a customer chooses to purchase a product, it may fail to deliver.' In this event, the customer may wish to choose some other product. We model this as a two stage game where firms first choose quality and then price. We find that...
Persistent link: https://www.econbiz.de/10013222059