This chapter surveys the recent empirical literature and adds to the evidence on takeover
bids for US targets, 1980–2005. The availability of machine readable transaction databases …

This chapter reviews the literature devoted to studying markets for health care services and
health insurance. There has been tremendous growth and progress in this field. A …

We use insurance claims data covering 28% of individuals with employer-sponsored health
insurance in the United States to study the variation in health spending on the privately …

We test whether wage growth slows following employer consolidation by examining hospital
mergers. We find evidence of reduced wage growth in cases where both (i) the increase in …

Background The hospital industry has consolidated substantially during the past two
decades and at an accelerated pace since 2010. Multiple studies have shown that hospital …

The US health-care sector is large and growing—health-care spending in 2011 amounted to
$2.7 trillion and 18 percent of GDP. Approximately half of health-care output is allocated via …

From 2002 to 2020, there were over 1,000 mergers of US hospitals. During this period, the
FTC took enforcement actions against 13 transactions. However, using the FTC's standard …

We analyze Medicare's influence on private insurers' payments for physicians' services.
Using a large administrative change in reimbursements for surgical versus medical care, we …

This paper studies an empirical model of spatial competition applied to gasoline markets.
The main feature is to specify commuting paths as the “locations''of consumers in a Hotelling …

We examine whether and to what extent consolidation in the US health insurance industry
has contributed to higher employer-sponsored insurance premiums. We exploit the …