We examine HMO participation and enrollment in the Medicare risk market for the years 1990 to 1995. We develop a profit- maximization model of HMO behavior, which explicitly considers potential linkages between an HMO's production decision in the commercial enrollee market and its participation...

We extend transaction cost economics by examining the effect of relaxing two of its underlying assumptions. First, transaction cost economics relies on an assumption of risk neutrality. We argue that organizations transactions vary in the risk they impose on an organization and that...

In the 1990s the US hospital industry consolidated. This paper estimates the impact of the wave of hospital mergers on welfare focusing on the impact on consumer surplus for the under-65 population. For the purposes of quantifying the price impact of consolidations, hospitals are modeled as an...

This paper investigates the correlates of union success in NLRB certification and decertification elections. The analysis includes a wide variety of bargaining unit, union, industry, and geographic attributes, many of which have not been considered in previous studies. Variables having a...