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Forges, Françoise; Salomon, Antoine - 2014

equilibria share some features with the ones of multi-sided reputation models. …

Persistent link: https://www.econbiz.de/10010256693

Malcomson, James - 2003

Incentive contracts for gatekeepers who control patient access to specialist medical services provide too weak … incentives to investigate cost further when expected cost of treatment is greater than benefit. Making gatekeepers residual … claimants with a fixed fee from which treat-ment costs must be met (as with full insurers who are themselves gatekeepers …

Persistent link: https://www.econbiz.de/10011511048

Prescription behavior of physicians in the public and private sector

Jussila, Elina; Kotakorpi, Kaisa; Verho, Jouko - 2022

We analyze prescription behavior of physicians in the public and private sector. We study two major diseases for which an effective, widely accepted low-cost treatment and alternative, more expensive treatments are available. We find that private sector physicians are more likely to prescribe...

Persistent link: https://www.econbiz.de/10013482204

What drives reciprocal behavior? : the optimal provision of incentives over the course of careers

Fahn, Matthias; Schade, Anne; Schüßler, Katharina - 2017

We explore how inherent preferences for reciprocity and repeated interaction interact in an optimal incentive system. Developing a theoretical model of a long-term employment relationship, we first show that reciprocal preferences are more important when an employee is close to retirement. At...

Persistent link: https://www.econbiz.de/10011718616

Dynamic hospital competition under rationing by waiting times

Sá, Luís; Siciliani, Luigi; Straume, Odd Rune - 2019

We develop a dynamic model of hospital competition where (i) waiting times increase if demand exceeds supply; (ii) patients choose a hospital based in part on waiting times; and (iii) hospitals incur waiting time penalties. We show that, whereas policies based on penalties will lead to lower...

Persistent link: https://www.econbiz.de/10012024415

Employee referral, social proximity and worker discipline : theory and evidence from India

Dhillon, Amrita; Iversen, Vegard; Torsvik, Gaute - 2013

referral and strong kinship ties between referees and new recruits. Finally, workplace intermediaries are different from and …

Persistent link: https://www.econbiz.de/10009765001

Second-degree moral hazard in a real-world credence goods market

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013

Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...

Persistent link: https://www.econbiz.de/10010199693

Optimum delayed retirement credit

Sheshinski, Eytan - 2003

A central question for pension design is how benefits should vary with the age of retirement beyond early eligibility age. It is often argued that in order to be neutral with respect to individual retirement decisions benefits should be actuarially fair, that is, the present value of additional...

Persistent link: https://www.econbiz.de/10011506463

The principal-agent matching market

Dam, Kaniska - 2003

We propose a model based on competitive markets in order to analyse an economy with several principals and agents. We model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal-agent matching market. A simple mechanism to...

Persistent link: https://www.econbiz.de/10011507906

Scholarships or student loans? : subsidizing higher education in the presence of moral hazard

Cigno, Alessandro; Luporini, Annalisa - 2003

Student loans, even income-contingent ones, are not optimal. Potential university students with the appropriate characteristics should be offered a scholarship, dependent on both need and merit. The award of the scholarship should be conditional on the choice of university degree, but students...

Persistent link: https://www.econbiz.de/10011508011