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来源类型Working Paper
规范类型报告
DOI10.3386/w15214
来源IDWorking Paper 15214
Input Constraints and the Efficiency of Entry: Lessons from Cardiac Surgery
David M. Cutler; Robert S. Huckman; Jonathan T. Kolstad
发表日期2009-08-13
出版年2009
语种英语
摘要Prior studies suggest that, with elastically supplied inputs, free entry may lead to an inefficiently high number of firms in equilibrium. Under input scarcity, however, the welfare loss from free entry is reduced. Further, free entry may increase use of high-quality inputs, as oligopolistic firms underuse these inputs when entry is constrained. We assess these predictions by examining how the 1996 repeal of certificate-of-need (CON) legislation in Pennsylvania affected the market for cardiac surgery in the state. We show that entry led to a redistribution of surgeries to higher-quality surgeons and that this entry was approximately welfare neutral.
主题Health, Education, and Welfare ; Health ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Regulatory Economics ; Industry Studies
URLhttps://www.nber.org/papers/w15214
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/572890
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David M. Cutler,Robert S. Huckman,Jonathan T. Kolstad. Input Constraints and the Efficiency of Entry: Lessons from Cardiac Surgery. 2009.
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