메뉴 건너뛰기




Volumn 44, Issue 4, 2004, Pages 574-600

The effect of mergers on firms' costs: Evidence from the HMO industry

Author keywords

Costs; Efficiency; Market structure; Mergers

Indexed keywords


EID: 10044294748     PISSN: 10629769     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1062-9769(03)00035-8     Document Type: Article
Times cited : (8)

References (41)
  • 3
    • 84871768280 scopus 로고
    • Problems with instrumental variables estimation when the correlation between the instruments and the endogenous explanatory variable is weak
    • Bound J. Jaeger D.A. Baker R. Problems with instrumental variables estimation when the correlation between the instruments and the endogenous explanatory variable is weak Journal of the American Statistical Association 90 1995 443-450
    • (1995) Journal of the American Statistical Association , vol.90 , pp. 443-450
    • Bound, J.1    Jaeger, D.A.2    Baker, R.3
  • 4
    • 0002437981 scopus 로고
    • On the estimation of returns to scale using variable cost functions
    • Braeutigam R.R. Daughety A.F. On the estimation of returns to scale using variable cost functions Economics Letters 11 1983 25-31
    • (1983) Economics Letters , vol.11 , pp. 25-31
    • Braeutigam, R.R.1    Daughety, A.F.2
  • 5
    • 0003042945 scopus 로고
    • Modelling the structuring of cost and production for multiproduct firms
    • Brown R.S. Caves D.S. Christensen L.R. Modelling the structuring of cost and production for multiproduct firms Southern Economic Journal 46 1979 256-273
    • (1979) Southern Economic Journal , vol.46 , pp. 256-273
    • Brown, R.S.1    Caves, D.S.2    Christensen, L.R.3
  • 6
    • 10044270246 scopus 로고
    • Bureau of Health Professions Area resource file. Fairfax, VA: Quality Resource Systems, Inc
    • Bureau of Health Professions. (1993). Area resource file. Fairfax, VA: Quality Resource Systems, Inc
    • (1993)
  • 7
    • 0031504134 scopus 로고    scopus 로고
    • A panel data design for estimation of hospital cost functions
    • Carey L. A panel data design for estimation of hospital cost functions Review of Economics and Statistics 79 1997 443-453
    • (1997) Review of Economics and Statistics , vol.79 , pp. 443-453
    • Carey, L.1
  • 8
    • 0019704507 scopus 로고
    • Productivity growth, scale economies, and capacity utilization in US railroads 1955-1974
    • Caves D.W. Christensen L.R. Swanson J.A. Productivity growth, scale economies, and capacity utilization in US railroads 1955-1974 American Economic Review 71 1981 994-1002
    • (1981) American Economic Review , vol.71 , pp. 994-1002
    • Caves, D.W.1    Christensen, L.R.2    Swanson, J.A.3
  • 10
    • 84989046062 scopus 로고
    • Types of synergy and economic value: The impact of acquisitions on merging and rival firms
    • Chatterjee S. Types of synergy and economic value: The impact of acquisitions on merging and rival firms Strategic Management Journal 7 1986 119-139
    • (1986) Strategic Management Journal , vol.7 , pp. 119-139
    • Chatterjee, S.1
  • 14
    • 0000825813 scopus 로고
    • Changes in corporate performance associated with bank acquisitions
    • Cornett M.M. Tehranian H. Changes in corporate performance associated with bank acquisitions Journal of Financial Economics 31 1992 211-234
    • (1992) Journal of Financial Economics , vol.31 , pp. 211-234
    • Cornett, M.M.1    Tehranian, H.2
  • 15
    • 0011291609 scopus 로고
    • Competition of alternative delivery systems
    • W. Greenberg (Ed.), Germantown, MD: Aspen Systems Corporation
    • Enthoven, A. (1978). Competition of alternative delivery systems. In W. Greenberg (Ed.), Competition in the health care sector: Past, present, and future. Germantown, MD: Aspen Systems Corporation
    • (1978) Competition in The Health Care Sector: Past, Present, and Future
    • Enthoven, A.1
  • 17
    • 21344491704 scopus 로고
    • The welfare economics of a health plan merger
    • Feldman R. The welfare economics of a health plan merger Journal of Regulatory Economics 6 1994 67-86
    • (1994) Journal of Regulatory Economics , vol.6 , pp. 67-86
    • Feldman, R.1
  • 20
    • 0029894024 scopus 로고    scopus 로고
    • Economic and organizational determinants of HMO mergers and failures
    • Feldman R. Wholey D. Christianson J. Economic and organizational determinants of HMO mergers and failures Inquiry 33 1996a 118-132
    • (1996) Inquiry , vol.33 , pp. 118-132
    • Feldman, R.1    Wholey, D.2    Christianson, J.3
  • 22
    • 21144475075 scopus 로고
    • Hospital costs and competition for services: A multiproduct analysis
    • Fournier G.M. Mitchell J.M. Hospital costs and competition for services: A multiproduct analysis Review of Economics and Statistics 74 1992 627-634
    • (1992) Review of Economics and Statistics , vol.74 , pp. 627-634
    • Fournier, G.M.1    Mitchell, J.M.2
  • 23
    • 0003457065 scopus 로고
    • Freight transport regulation: Equity, efficiency, and competition in the rail and trucking industries
    • Cambridge, MA: MIT Press
    • Friedlander, A., & Spady, R. (1981). Freight transport regulation: Equity, efficiency, and competition in the rail and trucking industries. Cambridge, MA: MIT Press
    • (1981)
    • Friedlander, A.1    Spady, R.2
  • 24
    • 0030453363 scopus 로고    scopus 로고
    • Economies of scale and scope as an explanation of merger and output diversification activities in the HMO industry
    • Given R.S. Economies of scale and scope as an explanation of merger and output diversification activities in the HMO industry Journal of Health Economics 15 1996 685-713
    • (1996) Journal of Health Economics , vol.15 , pp. 685-713
    • Given, R.S.1
  • 25
    • 0003906994 scopus 로고    scopus 로고
    • (4th ed.). Upper Saddle River, NJ: Prentice-Hall
    • Greene, W.H. (2000). Economic analysis (4th ed.). Upper Saddle River, NJ: Prentice-Hall
    • (2000) Economic Analysis
    • Greene, W.H.1
  • 26
    • 0013671003 scopus 로고
    • Group Health Association of America., Washington, DC: Group Health Association of America
    • Group Health Association of America. (1988-1992). National directory of HMOs. Washington, DC: Group Health Association of America
    • (1988) National Directory of HMOs
  • 27
    • 0041582154 scopus 로고    scopus 로고
    • Predicting the efficiency effects of mergers
    • Hartman R.S. Predicting the efficiency effects of mergers Journal of Forensic Economics 9 1996 295-323
    • (1996) Journal of Forensic Economics , vol.9 , pp. 295-323
    • Hartman, R.S.1
  • 28
    • 0000740902 scopus 로고
    • Panel data and unobservable individual effects
    • Hausman J. Taylor W. Panel data and unobservable individual effects Econometrica 49 1981 1377-1398
    • (1981) Econometrica , vol.49 , pp. 1377-1398
    • Hausman, J.1    Taylor, W.2
  • 29
    • 10044238296 scopus 로고
    • Health Care Investment Analysts. (1985-1994). Baltimore, MD: Health Care Investment Analysts
    • Health Care Investment Analysts. (1985-1994). HMO data base, diskette series, user's manual. Baltimore, MD: Health Care Investment Analysts
    • (1985) HMO Data Base, Diskette Series, User's Manual
  • 31
    • 10044229790 scopus 로고
    • InterStudy, InterStudy edge. St. Paul, MN: InterStudy
    • InterStudy. (1988-1999). InterStudy edge. St. Paul, MN: InterStudy
    • (1988)
  • 32
    • 0027767127 scopus 로고
    • Mergers and market power: Evidence from the airline industry
    • Kim E.G. Singal V. Mergers and market power: Evidence from the airline industry American Economic Review 83 1993 549-569
    • (1993) American Economic Review , vol.83 , pp. 549-569
    • Kim, E.G.1    Singal, V.2
  • 34
    • 46549099273 scopus 로고
    • Returns to scale from variable and total cost functions
    • Nelson R.A. Returns to scale from variable and total cost functions Economics Letters 18 1985 271-276
    • (1985) Economics Letters , vol.18 , pp. 271-276
    • Nelson, R.A.1
  • 35
    • 38249001335 scopus 로고
    • Can megamergers improve bank efficiency?
    • Shaffer S. Can megamergers improve bank efficiency? Journal of Banking and Finance 17 1993 423-436
    • (1993) Journal of Banking and Finance , vol.17 , pp. 423-436
    • Shaffer, S.1
  • 36
    • 0346307687 scopus 로고    scopus 로고
    • Instrumental variables with weak instruments
    • Staiger D. Stock J.H. Instrumental variables with weak instruments Econometrica 65 1997 557-586
    • (1997) Econometrica , vol.65 , pp. 557-586
    • Staiger, D.1    Stock, J.H.2
  • 37
    • 0034771204 scopus 로고    scopus 로고
    • The welfare impact of HMO mergers
    • Town R. The welfare impact of HMO mergers Journal of Health Economics 20 2001 967-990
    • (2001) Journal of Health Economics , vol.20 , pp. 967-990
    • Town, R.1
  • 38
    • 0003274846 scopus 로고    scopus 로고
    • Managed care meets its maker
    • Wall Street Journal. (February 23)., Available
    • Wall Street Journal. (2000, February 23). Managed care meets its maker. Wall Street Journal. Available: Http://interactive.wsj.com
    • (2000) Wall Street Journal
  • 39
    • 84986758771 scopus 로고
    • The effects of mergers on price and output: Two case studies from the airline industry
    • Werden G.A. Joskow A.S. Johnson L. The effects of mergers on price and output: Two case studies from the airline industry Managerial and Decision Economics 12 1991 341-352
    • (1991) Managerial and Decision Economics , vol.12 , pp. 341-352
    • Werden, G.A.1    Joskow, A.S.2    Johnson, L.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.