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The “hospital mergers” section is now like 2/3 of the entire Hospital Industry chapter of my health Econ course. I’m running out of space for more but this paper is so cool and depressing. nber.org/papers/w32613?…

Currently proposed US policies to reduce pharmaceutical prices, though beneficial for low-income and elderly populations, could dramatically reduce firms’ investments in highly welfare-improving research and development, from Kate Ho and Ariel Pakes nber.org/papers/w32606

The price increases from hospital mergers are funded via wage reductions and job losses among workers outside the health care sector, from Zarek Brot-Goldberg, Zack Cooper, Stuart Craig, Lev R. Klarnet, Ithai Lurie, and Corbin Miller nber.org/papers/w32613

Finally in print: "Patient versus Provider Incentives in Long-Term Care" aeaweb.org/articles?id=10… Thanks for the great teamwork Martin Hackmann and Vincent Pohl!

A survey of the recent literature on the rise of market power, focusing first on De Loecker, Eeckhout, and Unger (2020) and related research, and on industry studies that examine market power over long time horizons in specific settings, from Nathan Miller nber.org/papers/w32627

My first and last math camp ended today after 42 days from the start. Excited for the fall semester to start in a week!

Guy David has trained more than 2,000 clinicians in leadership positions. He explains why physicians make great leaders, sometimes to their own surprise. trib.al/q9i3Qqp

It is nice to read this after learning about the firm objective of nonprofit hospitals!

Exciting News! Our fertility clinic paper has now been published in Management Science🎉 For Ambar La Forgia and I this was both a professional and personal journey. Can’t wait to tackle more research on strategy in healthcare and the adventure of being academic moms together!!💪

Very interesting podcast interview with Jesus Fernandez Villaverde. open.spotify.com/episode/58Xdyn…

Two of Japan's finest battling it out on baseball's biggest stage 🇯🇵

An overview of empirical Bayes tools for studying distributions of effects across large sets of units, with an emphasis on labor economics applications, from Christopher Walters nber.org/papers/w33091

経営学・商学・経済学でビジネススクールにPhD留学する人が増えますように、と祈りを込めてWisconsin School of Businessの翔太郎さん(Shotaro Yamaguchi (山口翔太郎))、UCSD Radyの林田さん、Whartonの剛正さん(Taka Yamaguchi)と力を合わせて特集を書かせていただきました！ぜひお楽しみに！ビジネススクールはいいぞ😎

NEW Paper "Dual-Eligible Nursing Home Residents: Enrollment Growth in Managed Care Plans That Coordinate Care, 2013-20” in Health Affairs by Population Aging Research Center at Penn Research Associates Eric T. Roberts & Rachel Werner et al. doi.org/10.1377/hlthaf… Penn LDI blog: ldi.upenn.edu/our-work/resea…

My new paper - Is There Too Little Antitrust Enforcement in the US Hospital Sector? - with Zarek Brot-Goldberg Stuart Craig & Lev Klarnet was just published in AER: Impact (AEA Journals). A Thread

Consolidation is on the rise in the $1.3 trillion hospital industry (6% of the nation’s GDP). 90% of hospital markets are now highly concentrated. The #antitrust agencies only challenged a small share (13/1000) of recent hospital mergers, even though many mergers predictably