James F. Blumstein examines Professor Richman’s account under the two different “ways of thinking about the product and the industry—the traditional professional/scientific and the market-oriented model.” Explaining that the latter model can play a “constructive role” in the context of hospital mergers, Blumstein concludes that “[a]ntitrust doctrine does not necessarily stand in the way of nonprofit hospitals that seek to merge, but it imposes an analytical metric that focuses on competition and efficiency.”
Volume 156 2008 Response