the hospital industry, where the courts have denied seven of eight merger challenges since 1994, due largely to … previously employed methods overstate hospital demand elasticities by a factor of 2.4 to 3.4 and define larger markets than would … environment for hospital mergers …

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 …

The hospital industry is one of the most important industries in the U.S., and industry structure can have profound … Hospital Survey and Construction Act of 1946, known as the Hill-Burton program, on hospital capacity, organization of the … hospital industry, and utilization. We find that the program generated substantial increases in capacity and these changes were …