Free entry and social inefficiency in vertical relationships: The case of the Japanese MRI industry
This paper quantifies the welfare consequences of the medical arms race in the context of MRI adoption. We build and estimate a model of the vertical structure of the industry where MRI manufacturers sell high- and low-quality MRIs in the upstream market, whereas medical institutions provide medical...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2068 https://ink.library.smu.edu.sg/context/soe_research/article/3067/viewcontent/2016cf1001.pdf |
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| Institution: | Singapore Management University |
| Language: | English |