Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-78c5997874-j824f Total loading time: 0 Render date: 2024-11-10T15:09:26.223Z Has data issue: false hasContentIssue false

Part III - Monopsony

Published online by Cambridge University Press:  24 November 2022

Roger D. Blair ,
Christine Piette Durrance  and
Tirza J. Angerhofer
Roger D. Blair
Affiliation:
University of Florida
Christine Piette Durrance
Affiliation:
University of Wisconsin
Tirza J. Angerhofer
Affiliation:
Duke University, North Carolina
Get access

Summary

A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Antitrust Policy in Health Care Markets , pp. 255 - 322
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

References

Abelson, Reed. (2021). Doctors Accuse United Healthcare of Stifling Competition. New York Times. www.nytimes.com/2021/04/01/health/unitedhealthcare-lawsuit.html.Google Scholar
American Medical Association. (2020). Competition in Health Insurance: A Comprehensive Study of US Markets. www.ama-assn.org/system/files/2020-10/competition-health-insurance-us-markets.pdf.Google Scholar
Angerhofer, Tirza J., and Blair, Roger D.. (2020). Collusion in the Labor Market: Intended and Unintended Consequences. CPI Antitrust Chronicle: May II. www.competitionpolicyinternational.com/collusion-in-the-labor-market-intended-and-unintended-consequences/.Google Scholar
Austin, D. Andrew, and Hungerford, Thomas L.. (2010). The Market Structure of the Health Insurance Industry. Congressional Research Service. https://fas.org/sgp/crs/misc/R40834.pdf.Google Scholar
Bhaskar, V., Manning, Alan, and To, Ted. (2002). Oligopsony and Monopsonistic Competition in Labor Markets. Journal of Economic Perspectives 16: 155–174.CrossRefGoogle Scholar
Blair, Roger D., and Durrance, Christine Piette. (2008). The Economics of Monopsony. In Collins, W. Dale, ed., Issues in Competition Law and Policy. Chicago: American Bar Association, 393–408.Google Scholar
Blair, Roger D., and Harrison, Jeffrey L.. (1992a). Cooperative Buying, Monopsony Power, and Antitrust Policy. Northwestern University Law Review 86: 331–367.Google Scholar
Blair, Roger D., and Harrison, Jeffrey L.. (1992b). The Measurement of Monopsony Power. Antitrust Bulletin 37: 133–150.Google Scholar
Blair, Roger D., and Harrison, Jeffrey L.. (2010). Monopsony in Law and Economics. New York: Cambridge University Press.CrossRefGoogle Scholar
Blair, Roger D., and Lopatka, John E.. (2008). Predatory Buying and the Antitrust Laws. Utah Law Review 2: 415–469.Google Scholar
Blair, Roger D., and Romano, Richard E.. (1997). Collusive Monopsony in Theory and Practice: The NCAA. Antitrust Bulletin 42: 681–719.CrossRefGoogle Scholar
Department of Justice and Federal Trade Commission. (2010). Horizontal Merger Guidelines. www.ftc.gov/system/files/documents/public_statements/804291/100819hmg.pdf.Google Scholar
Jacobson, Jonathan. (2013). Monopsony 2013: Still Not Truly Symmetric. The Antitrust Source. www.wsgr.com/a/web/191/jacobson-0413.pdf.Google Scholar
Jacobson, Jonathan, and Dorman, Gary. (1991). Joint Purchasing, Monopsony, and Antitrust. Antitrust Bulletin 36: 1–79.CrossRefGoogle Scholar
Lerner, Abba. (1934). The Concept of Monopoly and the Measurement of Monopoly Power. Review of Economic Studies 1: 157–175.Google Scholar

References

Astor, Will. (2011). Senate OKs Letting Doctors Bargain Collectively. Rochester Business Journal. https://rbj.net/2011/07/01/senate-oks-letting-doctors-bargain-collectively/.Google Scholar
Bowley, A. L. (1928). Bilateral Monopoly. Economic Journal 38: 651–658.CrossRefGoogle Scholar
Chen, Zhiqi. (2003). Dominant Retailers and the Countervailing-Power Hypothesis. RAND Journal of Economics 34: 612–625.CrossRefGoogle Scholar
Crémer, Jacques, and Riordan, Michael H.. (1987). On Governing Multilateral Transactions with Bilateral Contracts. RAND Journal of Economics 18: 436–451.CrossRefGoogle Scholar
Federal Trade Commission. (2019). Overview of FTC Actions in Health Care Services and Products. www.ftc.gov/system/files/attachments/competition-policy-guidance/overview_health_care_june_2019.pdf.Google Scholar
Hellinger, Fred J., and Young, Gary J.. (2001). An Analysis of Physician Antitrust Exemption Legislation: Adjusting the Balance of Power. Journal of the American Medical Association 286: 83–88.Google Scholar
Horn, Henrick, and Wolinsky, Asher. (1988). Bilateral Monopolies and Incentives for Merger. RAND Journal of Economics 19: 408–419.CrossRefGoogle Scholar
Medical Society of the State of New York. (2019). 2019 Legislative Procedure. www.mssnyenews.org/wp-content/uploads/2018/10/LegProgramC91a-2.pdf.Google Scholar

References

American Bar Association Section of Antitrust Law. (2017). Antitrust Law Developments. 8th ed. Chicago: American Bar Association.Google Scholar
Blair, Roger D., and Durrance, Christine Piette. (2014). Group Purchasing Organizations, Monopsony, and Antitrust Policy. Managerial & Decision Economics 35: 433–443.CrossRefGoogle Scholar
Blair, Roger D., and Harrison, Jeffrey L.. (1991). Cooperative Buying, Monopsony Power and Antitrust Policy. Northwestern University Law Review 86: 331–367.Google Scholar
Blair, Roger D., Kaserman, David L., and Romano, Richard E.. (1989). A Pedagogical Treatment of Bilateral Monopoly. Southern Economic Journal 55: 831–841.CrossRefGoogle Scholar
Bruhn, William E., Fracica, Elizabeth A., and Makary, Martin A.. (2018). Group Purchasing Organizations, Health Care Costs, and Drug Shortages. Journal of the American Medical Association 320: 1859–1860.CrossRefGoogle ScholarPubMed
Burns, Lawton R. (2002). The Health Care Value Chain: Producers, Purchasers, and Providers. 1st ed. San Francisco: Jossey-Bass.Google Scholar
Burns, Lawton R., and Lee, J. Andrew. (2008). Hospital Purchasing Alliances: Utilization, Services, and Performance. Health Care Management Review 33: 203–215.Google Scholar
Burns, Lawton R., and Yovovich, Rada. (2014). Hospital Supply Chain Executives’ Perspectives on Group Purchasing: Results from a 2014 National Survey. www.supplychainassociation.org/wp-content/uploads/2018/05/AHA_AHRMM_Wharton_2014_Surve.pdf.Google Scholar
Carstensen, Peter. (2010). Buyer Cartels versus Buying Groups: Legal Distinctions, Competitive Realities, and Antitrust Policy. William & Mary Business Law Review 1: 1–46.Google Scholar
Department of Justice and Federal Trade Commission. (2004). Improving Health Care: A Dose of Competition. Washington, DC: Federal Trade Commission.Google Scholar
Elhauge, Einer. (2002). The Exclusion of Competition for Hospital Sales through Group Purchasing Organizations. Report to US Senate. https://scholar.harvard.edu/files/einer_elhauge/files/gpo_report_june_02.pdf.Google Scholar
Elhauge, Einer. (2003). Antitrust Analysis of GPO Exclusionary Agreements. Comments Regarding Hearings on Health Care and Competition Law and Policy – Statement for DOJ-FTC Hearing on GPOs. www.ftc.gov/os/comments/healthcarecomments2/elhauge.pdf.Google Scholar
Frech, Ted. (2008). Some Thoughts on Bundled Rebates Exclusionary Policies. GCP: The Online Magazine for Global Competition Policy 1–10.Google Scholar
Goldenberg, David E., and King, Roland. (2009). A 2008 Update of Cost Savings and a Marketplace Analysis of the Health Care Group Purchasing Industry. www.supplychainassociation.org/wp-content/uploads/2018/05/goldenberg_king.pdf.Google Scholar
Gooch, Kelly. (2017). 4 of the Largest GPOs: 2017. Becker Hospital Review. www.beckershospitalreview.com/finance/4-of-the-largest-gpos-2017.html.Google Scholar
Government Accountability Office. (2002). Group Purchasing Organizations: Pilot Study Suggests Large Buying Groups Do Not Always Offer Hospitals Lower Prices. www.gao.gov/products/GAO-02-690T.Google Scholar
Government Accountability Office. (2003). Group Purchasing Organizations: Use of Contracting Processes and Strategies to Award Contracts for Medical-Surgical Products. www.gao.gov/products/GAO-03-998T.Google Scholar
Government Accountability Office. (2010). Group Purchasing Organizations: Services Provided to Customers and Initiatives Regarding Their Business Practices. www.gao.gov/products/GAO-10-738.Google Scholar
Herndon, Jessica B. (2002). Health Insurer Monopsony Power: All-or-None Model. Journal of Health Economics 21: 197–206.CrossRefGoogle ScholarPubMed
Health Industry Group Purchasing Association. (2002). Health Industry Group Purchasing Association Code of Conduct Principles. www.higpa.org/pressroom/2002/7-29HIGPACode.pdf.Google Scholar
Health Industry Group Purchasing Association. (2011a). A Primer on Group Purchasing Organizations. www.supplychainassociation.org/resource/resmgr/research/gpo_primer.pdf.Google Scholar
Health Industry Group Purchasing Association. (2011b). Group Purchasing: An Examination of the Growing Group Purchasing Business Model across Multiple Industries. www.higpa.org/?page=GPO101.Google Scholar
Hovenkamp, Herbert. (2002). Competitive Effects of Group Purchasing Organizations’ (GPO) Purchasing and Product Selection Practices in the Health Care Industry. Prepared for the Health Industry Group Purchasing Association. www.novationco.com/pressroom/industry_info/HovenkampGPOStudy.pdf.Google Scholar
Hovenkamp, Herbert. (2004). Group Purchasing Organization (GPO) Purchasing Agreements and Antitrust Law. Prepared for the Health Industry Group Purchasing Association. http://higpa.site-ym.com/resource/resmgr/press_releases_2004/2004hovenkampgposandantitrus.pdf.Google Scholar
Healthcare Supply Chain Association. (2016). A Primer on Group Purchasing Organizations: Questions and Answers. www.supplychainassociation.org/resource/resmgr/research/gpo_primer.pdf.Google Scholar
Landes, William M., and Posner, Richard A.. (1981). Market Power in Antitrust Cases. Harvard Law Review 94: 937–996.CrossRefGoogle Scholar
Lindsay, Michael. (2009). Antitrust and Group Purchasing. Antitrust 23: 66–73.Google Scholar
Litan, Robert E., and Singer, Hal J.. (2010). Do Group Purchasing Organizations Achieve the Best Prices for Member Hospitals? An Empirical Analysis of Aftermarket Transactions. www.medicaldevices.org/node/795.Google Scholar
O’Brien, Daniel, Leibowitz, Jon, and Anello, Russell. (2017). How Group Purchasing Organizations Reduce Healthcare Procurement Costs in a Highly Competitive Market. Antitrust Source. www.davispolk.com/files/antitrust_source_how_group_purchasing_organizations_reduce_leibowitz_anello.pdf.Google Scholar
Schneller, Eugene S. (2009). The Value of Group Purchasing in the Health Care Supply Chain. Novationco. www.novationco.com/pressroom/industry_info/GroupPurchasing.pdf.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×