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Theoretical Concepts for the Assessment of Managed Care

In: Healthcare Management

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  • Volker Eric Amelung

    (Hannover Medical School)

Abstract

Using the two approaches of the new institutional economy, certain fundamental ideas will be introduced about the design of institutions as well as incentive and monitoring systems. The transaction cost theory offers a method for analysing the assessment of vertical integration along the value chain and, thus, for evaluating integrated care systems, among other things. The principal-agent theory is concentrated on delegation relations and their inherent information asymmetries. There is hardly another field in which the considerable information asymmetries are so clear between those who delegate tasks (e.g. the patient) and those who carry out the tasks (e.g. a physician). The principal-agent theory investigates how contracts can best be designed in such a configuration.

Suggested Citation

  • Volker Eric Amelung, 2013. "Theoretical Concepts for the Assessment of Managed Care," Springer Texts in Business and Economics, in: Healthcare Management, edition 127, chapter 3, pages 23-38, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-38712-8_3
    DOI: 10.1007/978-3-642-38712-8_3
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