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1. Market power in the hospital industr... Market power in the hospital industry.md

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   # Market power in the hospital industry

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   ## Abstract

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   We propose to investigate the profitability of the hospital industry in California. Does the industry exhibit scale effects with respect to system size? Does the trend towards consolidation in the hospital market lead to profits for the owners, and higher prices for consumers? We fail to find strong evidence for this but more work is needed to make any definite conclusion.

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