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| Author: | Gaynor, M. Vogt, W.B. |
| Title: | Competition among hospitals |
| Journal: | RAND Journal of Economics
2003 : WINTER, VOL. 34:4, p. 764-785 |
| Index terms: | Competition Hospital management Hospitals |
| Language: | eng |
| Abstract: | In this paper, competition is examined in the hospital industry, in particular the effect of ownership type (for-profit, non-profit, government). A structural model of demand and pricing is estimated in the hospital industry of California, then the estimates are used to stimulate the effect of a merger. California hospitals in 1995 faced an average price elasticity of demand of -4.85. Non-profit hospitals faces less elastic demand and acted as if they have lower marginal costs. Their prices were lower than those of for-profits, but markups were higher. |
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