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The nature, and normative properties, of competition in health care markets has long been the subject of much debate …. In particular, policymakers have exhibited a great deal of reservation toward competition in health care markets, as … care markets, concern about reduced competition has arisen. This concern, however, cannot be properly evaluated without a …
Persistent link: https://www.econbiz.de/10012471947
The nature, and normative properties, of competition in health care markets has long been the subject of much debate … health insurance. Intuitively, it seems that imperfect competition in the health care market may constrain this moral hazard …
Persistent link: https://www.econbiz.de/10014149528
The nature, and normative properties, of competition in health care markets has long been the subject of much debate …. In particular, policymakers have exhibited a great deal of reservation toward competition in health care markets, as … care markets, concern about reduced competition has arisen. This concern, however, cannot be properly evaluated without a …
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This paper shows that, except in certain limiting cases, competitive equilibrium with moral hazard is constrained inefficient. The first section compares the competitive equilibrium and the constrained social optimum in a fairly general model, and identifies types of market failure. Each of the...
Persistent link: https://www.econbiz.de/10012475719