The dynamics of market structure and market size in two health services industries

Timothy Dunne, Shawn D. Klimek (), Mark J. Roberts () and Yi Xu ()

No 712, Working Paper from Federal Reserve Bank of Cleveland

Abstract: The relationship between the size of a market and the competitiveness of the market has been of long-standing interest to IO economists. Empirical studies have used the relationship between the size of the geographic market and both the number of firms in the market and the average sales of the firms to draw inferences about the degree of competition in the market. This paper extends this framework to incorporate the analysis of entry and exit flows. A key implication of recent entry and exit models is that current market structure will likely depend upon the history of past participation. The paper explores these issues empirically by examining producer dynamics for two health service industries, dentistry and chiropractic services.

Keywords: Markets; Industrial organization; Service industries (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-com, nep-cse, nep-ent and nep-mic
Date: 2007
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Working Paper: The Dynamics of Market Structure and Market Size in Two Health Services Industries (2007)
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