Escalating levels of healthcare spending and price variation in the healthcare market have
driven government and insurer interest in price transparency tools that are intended to help …

Measuring consumer responsiveness to medical care prices is a central issue in health
economics and a key ingredient in the optimal design and regulation of health insurance …

Background Global spending on health was continuing to rise over the past 20 years. To
reduce the growth rates, alleviate information asymmetry, and improve the efficiency of …

We analyze the economic consequences of rising health care prices in the US. Using
exposure to price increases caused by horizontal hospital mergers as an instrument, we …

Using data on hospitals' purchases across a large number of important product categories,
we find that access to information on purchasing by peer hospitals leads to reductions in the …

Do information frictions in health care markets lead to higher prices and price dispersion?
Focusing on medical imaging procedures, this paper examines the equilibrium effect of a …

High-speed internet has increased the amount of information available in health care
markets. Online information may improve health outcomes if it reduces information frictions …

We study how privately insured individuals choose lower-limb MRI scan providers. Despite
significant out-of-pocket costs and little variation in quality, patients often received care in …

This paper shows that consumers respond to prices for complex healthcare when they can
easily assess out-of-pocket prices. Healthcare cost containment efforts increasingly …

In this chapter we outline the tools that have been developed to model and analyze
competition and regulation in health care markets, and describe particular papers that apply …