Please use this identifier to cite or link to this item:
|dc.title||Information asymmetry, insurance, and the decision to hospitalize|
|dc.identifier.citation||Blomqvist, 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.description.abstract||We 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.sourcetitle||Journal of Health Economics|
|Appears in Collections:||Staff Publications|
Show simple item record
Files in This Item:
There are no files associated with this item.
checked on Aug 23, 2019
WEB OF SCIENCETM
checked on Aug 15, 2019
checked on Aug 19, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.