Very happy to release my new paper with Zack Cooper Stuart Craig Lev Klarnet: "Is There Too Little Antitrust Enforcement in the US Hospital Sector?" (zarekcb.github.io/HospitalMerger…) In open defiance of Betteridge's Law, our answer is "yes, absolutely." (thread below)

🚨 New paper alert! “Is There Too Little Antitrust Enforcement in the US Hospital Sector?” with Zarek Brot-Goldberg, Stuart Craig, and Lev Klarnet that’s forthcoming in American Economic Review: Insights. TLDR: Yes…there has been way too little enforcement. 🧵

⚡️New Report: HCCI’s 2022 annual report examines health care spending, use, and prices from 2018-2022 among the ESI population. In 2022, per-person spending among people with ESI averaged more than $6,700. healthcostinstitute.org/health-care-co…

"There appears to be underenforcement of antitrust laws in the hospital sector." More from this working paper by #EGgrantee(s) Zarek Brot-Goldberg Zack Cooper Stuart Craig + Lev Klarnet on antitrust enforcement in the U.S. hospital sector. ⬇️ equitablegrowth.org/working-papers… #Competition #FTC

I've done it again.

20% of US hospital mergers that occurred between 2002-2020 could have been predicted to lessen competition using the FTC’s standard screening tools. New research brief from Zarek Brot-Goldberg(Harris Policy), Zack Cooper, Stuart Craig, and Lev Klarnet. ow.ly/WTNx50RF6vw

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We are just over one month away from our 2024 Price Theory Summer Camp, led by UChicago economist Kevin Murphy, to introduce PhD students from outside the University of Chicago to price theory! Check out the 2024 cohort here: ow.ly/gBFp50RPoQm

Highly recommend this workshop for graduate students. The program as a whole is phenomenal and every economist should be lucky enough to experience Kevin Murphy at some point.

20% of US hospital mergers that occurred between 2002-2020 could have been predicted to lessen competition using the FTC’s standard screening tools. New research brief from Zarek Brot-Goldberg(Harris Policy), Zack Cooper, Stuart Craig, and Lev Klarnet. ow.ly/WTNx50RF6vw

It turns out music, movies, entertainment, and society in general peaked during the exact time period when you, the person reading this, were a teenager.

Companies shed workers in the year after local hospitals raise prices, according to new research. Who is out of a job? Workers most likely to end up unemployed earned $20,000 to $100,000 a year. wsj.com/health/healthc… via The Wall Street Journal

🚨🚨🚨🚨🚨 New Paper Alert 🚨🚨🚨🚨 A new paper with Zarek Brot-Goldberg Stuart Craig Lev Klarnet, Ithai Lurie, and Corbin Miller analyzing the economic consequences of rising health spending. Amazing coverage from @melaevans and co. @wsj tobin.yale.edu/research/who-p…

A big new paper with Zack Cooper Stuart Craig Lev Klarnet, Ithai Lurie, and Corbin Miller: "Who Pays for Rising Health Care Prices? Evidence from Hospital Mergers" nber.org/papers/w32613 With excellent recent WSJ coverage by Melanie Evans: wsj.com/health/healthc…

Rising healthcare costs 🟰 employment & earnings ⬇️; suicides & overdoses ⬆️. New from Harris Policy's Zarek Brot-Goldberg, Zack Cooper, Stuart Craig, Lev Klarnet, Ithai Lurie, & Corbin Miller. w/ The Wall Street Journal coverage from Melanie Evans, Andrew Mollica, & Josh Ulick. ow.ly/uyUV50SoaqI

Front page of The Wall Street Journal: ⬆️ 1% health care prices causes ⬆️ insurance premiums which causes ⬇️ 0.3% income and ⬇️ 0.1% employment According to an NBER article by Zarek Brot-Goldberg Zack Cooper Stuart Craig Corbin Miller Lev Klarnet

When estimating demand, the price coefficient may be biased because firms adjust prices in response to demand shocks. In this (forthcoming) paper, Nathan Miller and I show how to resolve this source of endogeneity by invoking the supply side in standard empirical models.

A really great paper with compelling evidence that nursing homes illegally dump less profitable patients to make room for more profitable ones!

An overlooked answer to Ulam's request for social science ideas that are true and non-trivial: the theory of tax incidence. Almost no one without econ training gets that the person who sends a check to the govt isn't the person who loses money on net as a result of a tax.

Rising health care prices are passed onto employers as higher insurance premiums. The result? ⬇️ employment ⬇️ wages ⬇️ tax revenue ⬆️ overdoses ow.ly/YlsE50SKtbe Harris Policy's Zarek Brot-Goldberg, Zack Cooper, Stuart Craig, Lev Klarnet, Ithai Lurie, & Corbin Miller.