Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jhealeco.2004.12.001
DC FieldValue
dc.titleInformation asymmetry, insurance, and the decision to hospitalize
dc.contributor.authorBlomqvist, A.
dc.contributor.authorLeger, P.T.
dc.date.accessioned2011-05-03T08:08:31Z
dc.date.available2011-05-03T08:08:31Z
dc.date.issued2005
dc.identifier.citationBlomqvist, A., Leger, P.T. (2005). Information asymmetry, insurance, and the decision to hospitalize. Journal of Health Economics 24 (4) : 775-793. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jhealeco.2004.12.001
dc.identifier.issn01676296
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/22319
dc.description.abstractWe analyze the problem of second-best optimal health insurance in the context of a model in which patients and doctors must decide not only on an aggregate quantity of health services to use in treating various kinds of illness, but also have a choice between different kinds of providers (in particular, outpatient services rendered by primary-care physicians or inpatient services provided by hospital-based specialists). We consider well-informed patients' choices of provider when they have conventional insurance so they only pay part of the cost of their health services, as well as the equilibrium strategies of doctors and patients when there is patient-provider asymmetry; in the latter case we also analyze a managed-care insurance setup under which doctors are paid by capitation. We find that under certain plausible conditions, second-best optimal managed-care plans with supply-side incentives dominate second-best optimal conventional plans that rely on cost control through demand-side cost sharing. © 2005 Elsevier B.V. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jhealeco.2004.12.001
dc.sourceScopus
dc.subjectCapitation
dc.subjectHospitalization
dc.subjectInsurance
dc.subjectPrimary care
dc.subjectSpecialist care
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jhealeco.2004.12.001
dc.description.sourcetitleJournal of Health Economics
dc.description.volume24
dc.description.issue4
dc.description.page775-793
dc.description.codenJHECD
dc.identifier.isiut000230278900008
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