The value of private information in the physician-patient relationship: a gametheoretic account
AbstractThis paper presents a game-theoretical model of the physician-patient relationship. There is a conflict of interest between physician and patient, in that the physician prefers the patient to always obtain a particular treatment, even if the patient would not consider this treatment in his interest. The patient obtains imperfect cues of whether or not he needs the treatment. The effect is studied of an increase in the quality of the patientâ€™s private information, in the form of an improvement in the quality of his cues. It is shown that when the patientâ€™s information improves in this sense, he may either become better off or worse off. The precise circumstances under which either result is obtained, are derived.
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Bibliographic InfoPaper provided by Utrecht School of Economics in its series Working Papers with number 12-23.
Length: 29 pages
Date of creation: 2012
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-22 (All new papers)
- NEP-CTA-2012-12-22 (Contract Theory & Applications)
- NEP-GTH-2012-12-22 (Game Theory)
- NEP-HEA-2012-12-22 (Health Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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