Angerer, Silvia; Glätzle-Rützler, Daniela; Waibel, … - 2020
This paper investigates the impact of monitoring institutions on market outcomes in health care. Health care markets … overcharging. We introduce two types of costly monitoring, endogenous and exogenous. When monitoring detects misbehavior …, physicians have to pay a fine. Endogenous monitoring can be requested by patients, whereas exogenous monitoring is performed …