How To Compensate Physicians When Both Patient and Physician Effort Are Unobservable.

In this paper, we construct a joint production model of health with two-sided asymmetric information and ask the question, "Hwo should physicians be compensated?" We demonstrate theoretically that the preferred physician compensation scheme depends on the illness condition.

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Year of publication:	2000
Authors:	Leonard, K.L. ; Zivin, J.
Institutions:	Department of Economics, School of Arts and Sciences
Subject:	INFORMATION \| HEALTH SERVICES \| PHYSICIANS \| COMPENSATION

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	33 pages
Classification:	H10 - Structure and Scope of Government. General ; D80 - Information and Uncertainty. General ; I11 - Analysis of Health Care Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005687391