Quotation Lábaj, Martin, Silanic, Peter, Weiss, Christoph, Yontcheva, Biliana. 2018. Market structure and competition in the healthcare industry. Results from a transition economy. European Journal of Health Economics. 19 (8), 1087-1110.


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Abstract

The present paper provides first empirical evidence on the relationship between market size and the number of firms in the healthcare industry for a transition economy. We estimate market-size thresholds required to support different numbers of suppliers (firms) for three occupations in the healthcare industry in a large number of distinct geographic markets in Slovakia, taking into account the spatial interaction between local markets. The empirical analysis is carried out for three time periods (1995, 2001 and 2010) which characterise different stages of the transition process. Our results suggest that the relationship between market size and the number of firms differs both across industries and across periods. In particular, we find that pharmacies, as the only completely liberalised market in our dataset, experience the largest change in competitive behaviour during the transition process. Furthermore, we find evidence for correlation in entry decisions across administrative borders, suggesting that future market analysis should aim to capture these regional effects.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal European Journal of Health Economics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new STRAT-B, WH-B
Language English
Title Market structure and competition in the healthcare industry. Results from a transition economy
Volume 19
Number 8
Year 2018
Page from 1087
Page to 1110
Reviewed? Y
DOI http://dx.doi.org/10.1007/s10198-018-0959-1
Open Access Y
Open Access Link https://link.springer.com/article/10.1007%2Fs10198-018-0959-1

Associations

People
Weiss, Christoph (Details)
Yontcheva, Biliana (Details)
External
Lábaj, Martin (University of Economics Bratislava, Slovakia)
Silanic, Peter (University of Economics Bratislava, Slovakia)
Organization
Institute for Economic Policy and Industrial Economics IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5323 Econometrics (Details)
5329 Economics of location (Details)
5370 Industrial economics (Details)
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