example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of … estimate a random coefficients logit model of hospital demand and use the estimates to predict the increase in price that … even in suburban areas with high outflows of consumers, some hospital mergers could lead to significant price increases …

case of hospital mergers across distinct geographic markets ("cross-market" mergers), we show that such combinations can …. We test our theoretical predictions using two samples of cross-market hospital mergers, focusing exclusively on hospitals … of merger activity. We find that hospitals gaining system members in-state (but not in the same geographic market …