Gaynor, Martin; Vogt, William B. - 2003
We examine competition in the hospital industry, in particular the effect of ownership type (for-profit, not …-for-profit, government). We estimate a structural model of demand and pricing in the hospital industry in California, then use the estimates …-profits, but markups are higher. We simulate the effects of the 1997 merger of two hospital chains. In San Luis Obispo County …