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来源类型Working Paper
规范类型报告
DOI10.3386/w27274
来源IDWorking Paper 27274
How to Get Away with Merger: Stealth Consolidation and Its Effects on US Healthcare
Thomas G. Wollmann
发表日期2020-06-01
出版年2020
语种英语
摘要Only large mergers must be reported to the US government, so many anticompetitive deals may effectively avoid antitrust scrutiny. This paper uses data from the dialysis industry to show that premerger notifications are essential to antitrust enforcement and that ensuing enforcement actions preserve competition and protect consumers, evidenced by lower hospitalization and mortality rates. It then studies the effect of eliminating premerger notification exemptions. To do so, I estimate a structural model of quality competition. I find the counterfactual policy saves thousands of lives, yielding benefits that far exceed reasonable estimates of the additional costs of enforcement.
主题Microeconomics ; Market Structure and Distribution ; Health, Education, and Welfare ; Health ; Other ; Law and Economics ; Industrial Organization ; Market Structure and Firm Performance ; Antitrust
URLhttps://www.nber.org/papers/w27274
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/584945
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Thomas G. Wollmann. How to Get Away with Merger: Stealth Consolidation and Its Effects on US Healthcare. 2020.
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