Recent attention has been given to the hypothesis that local hospital competition takes the form of costly duplication of specialized services -- the "medical arms race." This contrasts with the hypothesis that the supply of specialized services is determined solely by "the extent of the...

Excessive alcohol drinking is the third leading cause of death in the United States, leading to 79,000 premature deaths annually. It is also the cause of increased disease and injury. Although the public health impacts of binge drinking are known, its economic cost has not been assessed for the...

Excessive alcohol drinking is the third leading cause of death in the United States, leading to 79,000 premature deaths annually. It is also the cause of increased disease and injury. Although the public health impacts of binge drinking are known, its economic cost has not been assessed for the...