| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14005 |
| DP14005 Entry decisions and asymmetric competition between non-profit and for-profit homes in the long-term care market | |
| Iris Grant; Johannes Van Biesebroeck | |
| 发表日期 | 2019-09-17 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Mostly due to population aging, the demand for long-term care (LTC) services is growing strongly. Historically, non-profit nursing homes dominated the German LTC market, but the recent entry wave was tilted towards for-profit competitors. Using a rich administrative dataset on all LTC facilities in Germany, we examine strategic interaction between these two ownership types in a static entry model. The estimates of competitive effects imply that non-profit and for-profit homes are substitutes, but competition is much stronger within-type, suggesting that they provide differentiated products. For-profit homes in particular act as if they operate in a different market segment, but over time their entry behavior has converged to that of the more established non-profits. Counterfactual simulations of proposed changes in government policy suggest a large impact on the fraction of markets that remain unserved or only served by a single type. |
| 主题 | Industrial Organization |
| 关键词 | Competition Long-term care Non-profit For-profit |
| URL | https://cepr.org/publications/dp14005-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542887 |
| 推荐引用方式 GB/T 7714 | Iris Grant,Johannes Van Biesebroeck. DP14005 Entry decisions and asymmetric competition between non-profit and for-profit homes in the long-term care market. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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