The past two decades have seen a rapid increase in Private Equity (PE) investment in
healthcare, a sector in which intensive government subsidy and market frictions could lead …

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 impact of insurer competition on welfare, negotiated provider prices, and premiums in
the US private health care industry is theoretically ambiguous. Reduced competition may …

Thousands of establishments employing millions of workers change ownership each year,
sometimes leading to large changes in local labor market concentration that potentially …

We evaluate the consequences of narrow hospital networks in commercial health care
markets. We develop a bargaining solution,“Nash-in-Nash with Threat of Replacement,” that …

Context Across the member countries of the Organisation for Economic Co-Operation and
Development, policy makers are searching for new ways to pay hospitals for inpatient care …

Proponents of hospital consolidation claim that mergers lead to significant cost savings, but
there is little systematic evidence backing these claims. For a large sample of hospital …

Many industries have become increasingly concentrated through mergers and acquisitions,
which in health care may have important consequences for spending and outcomes. Using …

This paper uses new data to reexamine trends in concentration in US markets from 1994 to
2019. The paper's main contribution is to construct concentration measures that reflect …