Asymmetric Information and the Demand for Health Care – the Case of Double Moral Hazard
AbstractThe production of health does not only depend on the medical services supplied by the physician but is also influenced by the patient’s compliance. A model of medical treatment is presented in which both the actions of physician and patient are modeled as a productive input. The analysis distinguishes between three cases of strategic interaction. The consequences of asymmetric information between physician and patient are lower activity levels, only in the case of strategic substitutes the result might change. Furthermore, the effects of the implementation of a demand-side coinsurance are discussed.
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Bibliographic InfoArticle provided by Duncker & Humblot, Berlin in its journal Schmollers Jahrbuch.
Volume (Year): 124 (2004)
Issue (Month): 2 ()
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Web page: http://www.duncker-humblot.de
Other versions of this item:
- Udo Schneider, 2004. "Asymmetric Information and the Demand for Health Care - the Case of Double Moral Hazard," HEW 0409001, EconWPA.
- I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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