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On September 5, 2023, the Centers for Medicare & Medicaid Services (CMS) announced a new all-payor, total-cost-of-care model that is designed to tackle growing health care costs, boost population ...
In this paper, we evaluate the effect of demand uncertainty on hospital costs. Since hospital managers want to minimize the probability of not having enough capacity to satisfy demand, and since ...
Measuring Markups from Revenue and Total Cost: An Application to Japanese Plant-Product Matched Data
The evolution of product markups has important implications for macroeconomic dynamics. However, thus far, the trends and distributions of product markups have been very different, depending on how ...
Cost structures of the kind usually posited in the economic theory of the firm do not seem to be readily ascertainable by an examination of business records. A somewhat different approach to the ...
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