The industrial organization of health-care markets

Martin Gaynor, Kate Ho, Robert J. Town

Research output: Contribution to journalReview article

58 Scopus citations

Abstract

The U.S. health-care sector is large and growing - health-care spending in 2011 amounted to $2.7 trillion and 18 percent of GDP. Approximately half of health-care output is allocated via markets. In this paper, we analyze the industrial organization literature on health-care markets, focusing on the impact of competition on price, quality, and treatment decisions for health-care providers and health insurers. We conclude with a discussion of research opportunities for industrial organization economists, including opportunities created by the U.S. Patient Protection and Affordable Care Act. ( JEL J15, J24, J71, J81, K31).

Original languageEnglish (US)
Pages (from-to)235-284
Number of pages50
JournalJournal of Economic Literature
Volume53
Issue number2
DOIs
StatePublished - Jun 1 2015
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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