Estimation and Identification of Merger Effects : An Application to Hospital Mergers

  title={Estimation and Identification of Merger Effects : An Application to Hospital Mergers},
  author={Leemore S. Dafny},
Advances in structural demand estimation have substantially improved economists' ability to forecast the impact of mergers. However, these models rely on extensive assumptions about consumer choice and firm objectives, and ultimately observational methods are needed to test their validity. Observational studies, in turn, suffer from selection problems arising from the fact that merging entities differ from non-merging entities in unobserved ways. To obtain an accurate estimate of the ex-post… CONTINUE READING
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Publications referenced by this paper.
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