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dc.contributor.authorDafny, Leemore
dc.contributor.authorHo, Kate
dc.contributor.authorLee, Robin S.
dc.date.accessioned2019-11-15T12:59:30Z
dc.date.issued2019-04-10
dc.identifier.citationDafny, Leemore S., Katherine Ho, and Robin S. Lee. "The Price Effects of Cross-Market Mergers: Theory and Evidence from the Hospital Industry." RAND Journal of Economics 50, no. 2 (Summer 2019): 286–325.en_US
dc.identifier.issn0741-6261en_US
dc.identifier.issn1756-2171en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:41844846*
dc.description.abstractWe consider the effect of mergers between firms whose products are not viewed as direct substitutes for the same good or service but are bundled by a common intermediary. Focusing on hospital mergers across distinct geographic markets, we show that such combinations can reduce competition among merging hospitals for inclusion in insurers' networks, leading to higher prices (or lower-quality care). Using data on hospital mergers from 1996 to 2012, we find support that this mechanism operates within state boundaries: cross-market, within-state hospital mergers yield price increases of 7%–9% for acquiring hospitals, whereas out-of-state acquisitions do not yield significant increases.en_US
dc.language.isoen_USen_US
dc.publisherWileyen_US
dc.relation.isversionofhttps://doi.org/10.1111/1756-2171.12270en_US
dc.relation.hasversionhttps://www.nber.org/papers/w22106en_US
dash.licenseOAP
dc.subjectEconomics and Econometricsen_US
dc.titleThe price effects of cross‐market mergers: theory and evidence from the hospital industryen_US
dc.typeJournal Articleen_US
dc.description.versionAccepted Manuscripten_US
dc.relation.journalRAND Journal of Economicsen_US
dash.depositing.authorDafny, Leemore
dc.date.available2019-11-15T12:59:30Z
dash.workflow.commentsPlease can someone add this to the FAS collection in addition to the HBS? Tx.en_US
dc.identifier.doi10.1111/1756-2171.12270*
dc.source.journalThe RAND Journal of Economics
dash.source.volume50;2
dash.source.page286-325


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