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Labor and Product Market Power, Endogenous Quality, and the Consolidation of the US Hospital Industry
Bradley Setzler, Pennsylvania State University
Existing structural analyses of the harmful effects of market consolidation focus on either product or labor markets in isolation, ignoring...
The Risk Protection Value of Moral Hazard
Victoria Marone, Yale University
Health insurance lowers the out-of-pocket price of healthcare, and it is well-established that this leads to higher utilization of care....
Identification and Estimation of Discrete Choice Demand Models when Observed and Unobserved Characteristics are Correlated
Amil Petrin, University of Minnesota
The standard Berry, Levinsohn, and Pakes (1995) (BLP) approach to estimation of demand and supply parameters assumes that the product...
Meritocracy Across Countries
Ilse Lindenlaub, Yale University
We study the micro sources and macro consequences of worker–job matching across coun- tries with large income differences. Using...
