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RAND Journal of Economics articles from September 2002
An academic journal featuring articles on macroeconomics. Focuses on industrial organization, regulation, law and economics. Includes empirical and theoretical papers analyzing market behavior and public policy.
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RAND Journal of Economics archives from September 2002
Private information, strategic behavior, and efficiency in Cournot markets.
September 22, 2002... When analyzing a Cournot market with strictly convex costs dependent on a private information parameter, do we err more by ignoring market power or by ignoring the impact of incomplete information? Is the welfare loss at the market outcome...
Cheap-talk coordination of entry by privately informed firms.
September 22, 2002... I analyze and compare the effects of sequential and simultaneous cheap-talk communication (e.g., preannouncement of entry) among privately informed potential entrants who then play a normal-form entry game. The first main result is that...
Introduction.
September 22, 2002... In April 2000, the National Bureau of Economic Research sponsored a conference in Nashville, Tennessee, on "The Industrial Organization of Medical Care." Its goal was to improve our understanding of the operation of medical care markets. This...
The impact of information technology on emergency health care outcomes.
September 22, 2002... We analyze the productivity of information technology in emergency response systems. "Enhanced 911" (E911) is information technology that links caller identification to a location database and so speeds up emergency response. We assess the...
Hospital market structure and the behavior of not-for-profit hospitals.
September 22, 2002... I exploit a change in hospital financial incentives to examine whether the behavior of private not-for-profit hospitals is systematically related to the share of nearby hospitals organized as for-profit firms. My findings demonstrate that...
Does competition under Medicare Prospective Payment selectively reduce expenditures on high-cost patients?
September 22, 2002... Competition and prospective payment have been widely used to control health care costs but may together provide incentives to selectively reduce expenditures on high-cost relative to low-cost patients. We use patient discharge and hospital...
Do pharmaceutical prices respond to potential patient out-of-pocket expenses?
September 22, 2002... Despite the importance of patient insurance in the market for prescription pharmaceuticals, little is known about the impact of patient reimbursement on the pricing behavior of pharmaceutical firms. I examine the link between potential patient...
The effects of hospital ownership on medical productivity.
September 22, 2002... To develop new evidence on how hospital ownership and other aspects of hospital market composition affect health care productivity, we analyze longitudinal data on the medical expenditures and health outcomes of the vast majority of nonrural...
Are for-profit hospital conversions harmful to patients and to Medicare?
September 22, 2002... We examine how changes in hospital ownership to and from for-profit status affect quality and Medicare payments per hospital stay. We hypothesize that hospitals converting to for-profit ownership boost postacquisition profitability by reducing...
Managed care, technology adoption, and health care: the adoption of neonatal intensive care.
September 22, 2002... Managed care may influence technology diffusion in health care. This article empirically examines the relationship between HMO market share and the diffusion of neonatal intensive care units. Higher HMO market share is associated with slower...