Happening @ Michigan https://events.umich.edu/group/3545/rss RSS Feed for Happening @ Michigan Events at the University of Michigan. Getting Down to Business: Chain Ownership and Fertility Clinic Performance (March 29, 2024 10:00am) https://events.umich.edu/event/118203 118203-21840644@events.umich.edu Event Begins: Friday, March 29, 2024 10:00am
Location: Lorch Hall
Organized By: Applied Microeconomics/Industrial Organization

Acquisitions by corporate entities have fueled the growth of chain organizations in healthcare. A chain is a multiunit firm under the same ownership and management providing similar services in different locations. Chain ownership has been credited with boosting firm performance in the retail and service sectors but has been criticized for prioritizing profits over the well-being of patients in the healthcare sector. This paper finds that chain ownership improves healthcare outcomes in the market for In Vitro Fertilization (IVF). Using novel data on U.S. fertility clinics and difference-in-differences methods, we find that IVF cycles increase by 27.2%, and IVF success rates increase by 13.6% after acquisition by a fertility chain. We provide evidence that fertility chains facilitate resource and knowledge transfers needed to enhance quality and expand the IVF market. For example, acquired clinics change IVF processes and procedures to achieve the IVF gold standard of simultaneously reducing higher-risk multiple births and increasing singleton births. We discuss how the fertility sector’s relatively minimal market frictions and information asymmetries may incentivize chain owners to invest in quality.

This talk is presented by the Applied Microeconomics/Industrial Organization Seminar, sponsored by the Department of Economics with generous gifts given through the Jean Coven Speakers Fund in Economics and the Economics Strategic Fund.

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Workshop / Seminar Fri, 16 Feb 2024 14:07:01 -0500 2024-03-29T10:00:00-04:00 2024-03-29T11:20:00-04:00 Lorch Hall Applied Microeconomics/Industrial Organization Workshop / Seminar Getting Down to Business: Chain Ownership and Fertility Clinic Performance
Liquid Markets: An Empirical Analysis of a Water Exchange (April 5, 2024 10:00am) https://events.umich.edu/event/118205 118205-21840645@events.umich.edu Event Begins: Friday, April 5, 2024 10:00am
Location: Lorch Hall
Organized By: Applied Microeconomics/Industrial Organization

This paper empirically analyzes the performance of one of the world’s most developed water exchanges, which operates as a primitive limit order market. Upon modeling participants’ choice of order price and order type, I identify their latent value distributions from observed orders and trades. The model flexibly allows for dynamics, risk aversion, and default behavior. Counterfactual simulations suggest the observed exchange attains substantially lower trade surplus than the benchmark of periodic uniform-price market clearing. Droughts exacerbate the gap in surplus per unit traded between the observed exchange and the benchmark. I assess the role of volume frictions, price shading, and temporal dispersion in explaining the gap.

This talk is presented by the Applied Microeconomics/Industrial Organization Seminar, sponsored by the Department of Economics with generous gifts given through the Jean Coven Speakers Fund in Economics and the Economics Strategic Fund.

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Workshop / Seminar Tue, 06 Feb 2024 14:13:01 -0500 2024-04-05T10:00:00-04:00 2024-04-05T11:20:00-04:00 Lorch Hall Applied Microeconomics/Industrial Organization Workshop / Seminar Liquid Markets: An Empirical Analysis of a Water Exchange
Bundling to save: Estimating package size choices in South African grocery stores (April 12, 2024 10:00am) https://events.umich.edu/event/118206 118206-21840647@events.umich.edu Event Begins: Friday, April 12, 2024 10:00am
Location: Lorch Hall
Organized By: Applied Microeconomics/Industrial Organization

Storable goods such as laundry detergent come in different package sizes with different associated unit prices. Buying larger packages is an opportunity to save, but low-income consumers in African countries often appear to forego this opportunity and buy small packages instead. I investigate the determinants of these choices by estimating a model of dynamic consumer demand using scanner data from all stores of South Africa's leading grocery chain. The estimation accounts for “bundling”: due to temporary sales and non-linear pricing of the product, consumers sometimes find it less expensive to purchase multiple small packages instead of a large package. The results show that this phenomenon is quantitatively important in explaining observed patterns in the data. Counterfactual simulations use the model's findings to evaluate the impact of different package sizes, which is a relevant consideration for the current expansion of small-format chain stores to low-income areas.

This talk is presented by the Applied Microeconomics/Industrial Organization Seminar, sponsored by the Department of Economics with generous gifts given through the Jean Coven Speakers Fund in Economics and the Economics Strategic Fund.

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Workshop / Seminar Mon, 26 Feb 2024 09:41:05 -0500 2024-04-12T10:00:00-04:00 2024-04-12T11:20:00-04:00 Lorch Hall Applied Microeconomics/Industrial Organization Workshop / Seminar Bundling to save: Estimating package size choices in South African grocery stores
Industrial Organization Seminar- April 19 (April 19, 2024 10:00am) https://events.umich.edu/event/118207 118207-21840648@events.umich.edu Event Begins: Friday, April 19, 2024 10:00am
Location: Lorch Hall
Organized By: Applied Microeconomics/Industrial Organization

This talk is presented by the Applied Microeconomics/Industrial Organization Seminar, sponsored by the Department of Economics with generous gifts given through the Jean Coven Speakers Fund in Economics and the Economics Strategic Fund.

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Workshop / Seminar Tue, 06 Feb 2024 14:13:38 -0500 2024-04-19T10:00:00-04:00 2024-04-19T11:20:00-04:00 Lorch Hall Applied Microeconomics/Industrial Organization Workshop / Seminar Industrial Organization Seminar- April 19