Chakravarty, Sujoy; Gaynor, Martin; Klepper, Steven; … - 2010
entry and exit behavior. We develop theoretical predictions based on the model of Lakdawalla and Philipson, in which for … be quicker to enter and exit than not-for-profits in response to changing market conditions. We test this hypothesis … using data for all U.S. hospitals from 1984 through 2000. Examining annual and regional entry and exit rates, for …