Regulation and Capacity Competition in Health Care: Evidence from U.S. Dialysis Markets
dc.citation.firstpage | 965 | |
dc.citation.issueNumber | 5 | |
dc.citation.journalTitle | The Review of Economics and Statistics | |
dc.citation.lastpage | 982 | |
dc.citation.volumeNumber | 97 | |
dc.contributor.author | Dai, Mian | |
dc.contributor.author | Tang, Xun | |
dc.date.accessioned | 2017-05-12T17:10:13Z | |
dc.date.available | 2017-05-12T17:10:13Z | |
dc.date.issued | 2015 | |
dc.description.abstract | This paper studies entry and capacity decisions by dialysis providers in the United States. We estimate a structural model where providers make continuous strategic choices of capacity based on their private information about own costs and knowledge of the distribution of competitors’ private information. We evaluate the impact on the market structure and providers’ profits under counterfactual regulatory policies that increase the costs or reduce the payment per unit of capacity. We find that these policies reduce the market capacity as measured by the number of dialysis stations. However, the downward-sloping reaction curve shields some providers from negative profit shocks in certain markets. The paper also has a methodological contribution in that it proposes new estimators for Bayesian games with continuous actions. | |
dc.identifier.citation | Dai, Mian and Tang, Xun. "Regulation and Capacity Competition in Health Care: Evidence from U.S. Dialysis Markets." <i>The Review of Economics and Statistics,</i> 97, no. 5 (2015) MIT Press: 965-982. http://dx.doi.org/10.1162/REST_a_00473. | |
dc.identifier.doi | http://dx.doi.org/10.1162/REST_a_00473 | |
dc.identifier.uri | https://hdl.handle.net/1911/94250 | |
dc.language.iso | eng | |
dc.publisher | MIT Press | |
dc.rights | Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. | |
dc.title | Regulation and Capacity Competition in Health Care: Evidence from U.S. Dialysis Markets | |
dc.type | Journal article | |
dc.type.dcmi | Text | |
dc.type.publication | publisher version |
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