Chun, Seungwhan; Duarte, Marco; McNamara, Cici; Lindo, … - National Bureau of Economic Research - 2025
Are state-imposed behavioral remedies effective substitutes for federal antitrust enforcement? We evaluate state regulation of hospital mergers under Certificates of Public Advantage (COPAs). Using hospital data from 1996-2022, we compare COPA-regulated mergers to unregulated mergers with...