Commentary, Health Economics

COMMENTARY: Bigger Is Not Always Better: The True Impact of Hospital Mergers

Richa Upadhyay, Stanford University -- Most people can name the nation’s most prominent health systems such as Kaiser Permanente, Mayo Clinic, and Trinity Health. Hospital mergers and acquisitions continue to make the “household names” of healthcare stronger, but such consolidation often comes at the expense of consumers. More often than not, hospital acquisitions fail to improve health outcomes while raising costs for patients and payers due to decreased competition.

Health Economics, Labor

Labor Market Performance During the COVID-19 Pandemic: State Policy, Compliance, and Social Behavior

Julian W. Klingen, Oberlin College -- The outbreak of the COVID-19 pandemic in late February 2020 in the United States constituted an unprecedented economic shock, in addition to the tragic loss of life, and sparked a rapidly growing literature on the economic implications. Exploiting county-level data in the U.S. from January - August 2020, this paper examines labor market performance in structurally similar counties situated along state borders that were exposed to varying degrees of nonpharmaceutical interventions.

Announcements, Health Economics

Our Summer 2021 Issue

On behalf of the Comparative Advantage Editorial Board, we are pleased to present the ninth volume, summer issue, of Stanford University's undergraduate economics journal. This volume presents undergraduate work on a wide variety of topics, including environmental economics, political economy, and labor economics. Furthermore, as the COVID-19 pandemic continues to exact a toll on individuals… Continue reading Our Summer 2021 Issue

Health Economics, Microeconomics

An Update on the Substitution between Alcohol and Marijuana: Evidence from the Legal Drinking Age and Medical Marijuana Laws

Stephen Kisty, University of Pittsburgh -- This paper attempts to update the analysis that utilizes a regression discontinuity design to examine the effect of increased availability of legal alcohol at age 21, caused by the minimum legal drinking age in the United States, on the consumption of marijuana (Crost and Guerrero, 2012).