Evolving measures of provider market power

David Stuart Dranove; Christopher Ody

doi:10.1162/AJHE_a_00039

Evolving measures of provider market power

David Stuart Dranove^*, Christopher Ody

^*Corresponding author for this work

Strategy

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

Many researchers assess the impact of provider market structure and market power on outcomes such as price. These studies use a variety of measures of structure and power, ranging from ad hoc measures often based on census boundaries to structural measures derived from economic models of provider-payer bargaining. We explain the shortcomings of ad hoc measures, and, through a series of “horse races” show that one leading structural measure, the “willingness to pay,” is a consistently better predictor of prices.

Original language	English (US)
Pages (from-to)	145-160
Number of pages	16
Journal	American Journal of Health Economics
Volume	2
Issue number	2
DOIs	https://doi.org/10.1162/AJHE_a_00039 https://doi.org/10.1162/ajhe_a_00039
State	Published - May 1 2016

Keywords

Competition
Market share
Market structure

ASJC Scopus subject areas

Health Policy
Public Health, Environmental and Occupational Health

Access to Document

Fingerprint Dive into the research topics of 'Evolving measures of provider market power'. Together they form a unique fingerprint.

Cite this

@article{eae4bea1a4b84659903b768a915bb24c,

title = "Evolving measures of provider market power",

abstract = "Many researchers assess the impact of provider market structure and market power on outcomes such as price. These studies use a variety of measures of structure and power, ranging from ad hoc measures often based on census boundaries to structural measures derived from economic models of provider-payer bargaining. We explain the shortcomings of ad hoc measures, and, through a series of “horse races” show that one leading structural measure, the “willingness to pay,” is a consistently better predictor of prices.",

keywords = "Competition, Market share, Market structure",

author = "Dranove, {David Stuart} and Christopher Ody",

year = "2016",

month = may,

day = "1",

doi = "10.1162/AJHE_a_00039",

language = "English (US)",

volume = "2",

pages = "145--160",

journal = "American Journal of Health Economics",

issn = "2332-3493",

publisher = "MIT Press Journals",

number = "2",

}

TY - JOUR

T1 - Evolving measures of provider market power

AU - Dranove, David Stuart

AU - Ody, Christopher

PY - 2016/5/1

Y1 - 2016/5/1

N2 - Many researchers assess the impact of provider market structure and market power on outcomes such as price. These studies use a variety of measures of structure and power, ranging from ad hoc measures often based on census boundaries to structural measures derived from economic models of provider-payer bargaining. We explain the shortcomings of ad hoc measures, and, through a series of “horse races” show that one leading structural measure, the “willingness to pay,” is a consistently better predictor of prices.

AB - Many researchers assess the impact of provider market structure and market power on outcomes such as price. These studies use a variety of measures of structure and power, ranging from ad hoc measures often based on census boundaries to structural measures derived from economic models of provider-payer bargaining. We explain the shortcomings of ad hoc measures, and, through a series of “horse races” show that one leading structural measure, the “willingness to pay,” is a consistently better predictor of prices.

KW - Competition

KW - Market share

KW - Market structure

UR - http://www.scopus.com/inward/record.url?scp=85014447685&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85014447685&partnerID=8YFLogxK

U2 - 10.1162/AJHE_a_00039

DO - 10.1162/AJHE_a_00039

M3 - Article

AN - SCOPUS:85014447685

VL - 2

SP - 145

EP - 160

JO - American Journal of Health Economics

JF - American Journal of Health Economics

SN - 2332-3493

IS - 2

ER -