CRA assessed the market for inter-facility ambulance transport services on behalf of a plaintiff ambulance company that was unsuccessfully attempting to compete effectively against the incumbent monopolist ambulance company that was affiliated with the local hospital system. CRA analyses demonstrated that the market was appropriately limited to inter-facility ambulance transports and constrained geographically. CRA also explained the economic rationale for the hospital and incumbent ambulance company to attempt to prevent competitive expansion by plaintiff and calculated the damages associated with these anticompetitive actions. After surviving a motion to dismiss, the parties settled.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...