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hospital-insurer bargaining over premiums and reimbursements, household demand for insurance, and individual demand for … with the remaining insurers. We also document substantial heterogeneity in hospital price adjustments upon the removal of …
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We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of horizontal mergers. In our framework economies of scale are endogenous and there might be internal conflict within merged firms. We show that often stable mergers do not lead to more...
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