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Do Nonprofit Hospitals Exercise Market Power?
Contributor(s): Federal Trade Commission (Author)

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 ISBN: 1502375664     ISBN-13: 9781502375667
Publisher: Createspace Independent Publishing Platform
OUR PRICE: $14.20  

Binding Type: Paperback
Published: September 2014
Qty:
Additional Information
BISAC Categories:
- Business & Economics | Operations Research
Physical Information: 0.05" H x 8.5" W x 11.02" L (0.19 lbs) 26 pages
 
Descriptions, Reviews, Etc.
Publisher Description:
Several theories of nonprofit hospital behavior predict that nonprofit hospitals behave in the consumer interest and thus do not exercise market power. If these theories are correct, then antitrust enforcement of hospital mergers should be restricted only to those markets in which a nonprofit hospital cannot offset anticompetitive behavior by for-profit hospitals. In this book, we measure a hospital's market power using two alternative measures. The first is the HHI for a county; the second is the distance from a hospital to its closest competitor. For both measures, we find that nonprofit hospitals set higher prices when they have more market power.
 
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