Bhavneet Walia and Christopher John Boudreaux
Most literature studies have focused on direct treatment costs of injuries. This literature is extended to include the foregone playing time of players as an additional injury…
Abstract
Purpose
Most literature studies have focused on direct treatment costs of injuries. This literature is extended to include the foregone playing time of players as an additional injury cost.
Design/methodology/approach
The authors have reviewed the literature on the cost of players’ injuries to professional sports leagues and other organizations.
Findings
The authors concluded that players’ injury costs are substantial and sufficiently variable to be a primary source of financial uncertainty for a team.
Originality/value
This study's value has added risk pooling and league-wide revenue sharing as tools to mitigate the risk of injury costs. Previous literature reviews focused predominately on direct treatment costs.
Details
Keywords
Bhavneet Walia and Christopher John Boudreaux
The purpose of this paper is to review the literature on hospital mergers and acquisitions (M&As).
Abstract
Purpose
The purpose of this paper is to review the literature on hospital mergers and acquisitions (M&As).
Design/methodology/approach
The authors conduct a systematic review of the literature on hospital M&As to summarize their effects upon cost of health care delivery (access), efficiency, market power, cost and price. Implications for health care industry policy are provided.
Findings
A significant majority of results conclude lower costs, increased efficiency, but higher prices (due to a market concentration effect) following hospital merger or acquisition. These results are consistent with industrial organization theory and suggest that regulatory policy (e.g. price cap regulation) will raise allocative efficiency, consumer surplus and overall market surplus within markets for hospital services.
Originality/value
This is the first study to review the price, cost and efficiency effects of M&As with respect to industrial organization theory in the context of hospitals. This study also provides regulatory policy implications.