Journal ArticleHeliyon · September 15, 2024
BACKGROUND: All patients starting dialysis should be informed of kidney transplant as a renal replacement therapy option. Prior research has shown disparities in provision of this information. In this study, we aimed to identify patient sociodemographic an ...
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Journal ArticleReview of Economic Studies · March 1, 2023
We study the interaction between tax advantages for municipal bonds and the market structure of auctions for these bonds. We show that this interaction can limit a bidder’s ability to extract information rents and is a crucial determinant of state and loca ...
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Journal ArticleJAMA network open · October 2022
ImportanceDespite a widespread belief that private insurers spend large amounts on health care for enrollees receiving dialysis, data limitations over the past decade have precluded a comprehensive analysis of the topic.ObjectiveTo examin ...
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Journal ArticleJournal of Political Economy · May 1, 2022
Auctions are often used to sell assets whose future cash flows require the winner to make postauction investments. When winners’ payments are contingent on these cash flows, auction design can influence both bidding and incentives to exert effort after the ...
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Journal ArticleJAMA network open · April 2022
ImportanceAs private equity (PE) acquisitions of short-term acute care hospitals (ACHs) continue, their impact on the care of medically vulnerable older adults remains largely unexplored.ObjectiveTo investigate the association between PE ...
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Journal ArticleRAND Journal of Economics · March 1, 2022
We estimate a model of route-level competition between airlines who choose whether to offer nonstop or connecting service before setting prices. Airlines have full information about all quality, marginal cost, and fixed cost unobservables throughout the ga ...
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Journal ArticleHealth affairs (Project Hope) · November 2021
As private equity firms continue to increase their ownership stake in various health care sectors in the US, questions arise about potential impacts on the organization and delivery of care. Using a difference-in-differences approach, we investigated chang ...
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Scholarly Edition · March 1, 2020
We develop a dynamic limit pricing model where an incumbent repeatedly signals information relevant to a potential entrant’s expected profitability. The model is tractable, with a unique equilibrium under refinement, and dynamics contribute to large equili ...
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Journal ArticleQuarterly Journal of Economics · February 1, 2020
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Many industries have become increasingly concentrated through mergers and acquisitions, which in health care may have important consequences for spending and outcomes. Using a rich panel of Medicare claims data for nearly one million dialysis patients, we ...
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Scholarly Edition · January 1, 2020
Using data from the Los Angeles area from 1988 to 2012, we study the behavior and sources of returns of individual investors in the housing market. We document the existence of two distinct investor types. The first act as middlemen, purchasing substantial ...
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Scholarly Edition · November 2018
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Medicare's prospective payment system for long-term acute-care hospitals (LTCHs) provides modest reimbursements at the beginning of a patient's stay before jumping discontinuously to a large lump-sum payment after a prespecified number of days. We show tha ...
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OtherEconomic Research Initiatives at Duke (ERID) · February 1, 2016
Historical anecdotes of new investors being drawn into a booming asset market, only to suffer when the market turns, abound. While the role of investor contagion in asset bubbles has been explored extensively in the theoretical literature, causal empirical ...
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Journal ArticleAmerican Economic Journal: Microeconomics · January 1, 2016
We estimate the value of competition in United States Forest Service (USFS) timber auctions, in the context of the Reagan administration's bailout of firms that faced substantial losses on existing contracts. We use a model with endogenous entry by asymmet ...
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Journal ArticleThe RAND Journal of Economics · December 2014
Regulating bidder participation in auctions can potentially increase efficiency compared to standard auction formats with free entry. We show that the relative performance of two such mechanisms, a standard first‐price auction with free entry and a ...
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Journal ArticleRAND Journal of Economics · March 1, 2014
We consider the relationship between market structure and health outcomes in a setting where patients have stark preferences: urology patients disproportionately match with a urologist of the same gender. In the United States, however, fewer than 6% of uro ...
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Journal ArticleRAND Journal of Economics · December 1, 2013
This article shows how reserve prices can be used to control for unobserved object heterogeneity to identify and estimate the distribution of bidder values in auctions. Reserve prices are assumed to be monotonic in the realization of unobserved heterogenei ...
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