Abstract:This study investigates the association between market structure and cost structure using a national sample of U.S. hospitals. Cost structure, which is difficult to alter in the short run, determines operating risk; therefore, it is important to understand factors that influence managerial choices on cost structure. Market structure is a potentially important determinant of cost structure because managers' investment decisions are influenced by how the firm interacts with rival firms and suppliers (e.g., Cabal… Show more
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