Multimarket Contact in the Hospital Industry
نویسندگان
چکیده
منابع مشابه
Multimarket Contact in the Hospital Industry∗
Hospitals in the U.S. increasingly belong to multihospital systems that operate in multiple geographic markets. A large literature in management and economics suggests that competition between firms may be softened as a result of multimarket contact – i.e., when firms compete with one another in several markets simultaneously. I test whether increases in multimarket contact over the 2000-2010 p...
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Empirical studies have conrmed the prediction of theoretical models that contact in multiple markets may enhance rms’ abilities to tacitly collude and consequently achieve higher prices and prots. It has remained largely unexplored, however, how rms coordinate their actions. This paper identies a method of pricing in the cellular telephone industry that seems to enable rms to coordinate t...
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The purpose of this paper is to analyze the e¤ect of multimarket contact on the behaviour of pharmaceutical ...rms. Firms that meet in several markets may ...nd it pro...table tp redistribute market power among markets where they are operating. There are many instances of multimarket contact in the pharmaceutical industry: at the country level, at the therapeutical class or molecule level, and ...
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Business Management, College of Management, North Carolina State University (e-mail: [email protected]). Barry L. Bayus is Roy O. Rodwell Distinguished Professor of Marketing & Entrepreneurship (e-mail: [email protected]), and Sridhar Balasubramanian is Roy & Alice H. Richards Bicentennial Scholar, an associate professor, and marketing PhD coordinator (e-mail: Sridhar_Balasubramanian@unc...
متن کاملMultimarket contact under demand fluctuations
The present paper studies repeated Bertrand oligopoly with multiple markets. The markets are subject to independent, stochastic fluctuations in demands. According to the literature, the demand fluctuations generally hinder collusion, while the multimarket contact sometimes facilitates it. We show that when only partial collusion is sustainable under a single market, the per-market expected prof...
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ژورنال
عنوان ژورنال: American Economic Journal: Economic Policy
سال: 2018
ISSN: 1945-7731,1945-774X
DOI: 10.1257/pol.20170001