The growth of the specialty hospital industry has been one of the most important changes to the hospital industry in recent years. Specialty hospitals focus on three specific types of care: cardiac surgery, orthopedic surgery and general surgery. Proponents argue that specialty hospitals are...

This paper examines the relative performance of vertically integrated projects versus collaborative projects in the bio-pharmaceuticals industry. Using Akerlof's (1970) model of the impact of asymetric information on quality, this paper suggests that a potential "lemons" problem exists in the...