Asymmetric information, agency & supplier induced demand - Asymmetric information & Principal-agent issues in healthcare - Asymmetric information and agency relationships
5 important questions on Asymmetric information, agency & supplier induced demand - Asymmetric information & Principal-agent issues in healthcare - Asymmetric information and agency relationships
When do agency relationships occur?
When to principal-agent problems emerge?
Agents may have an incentive to exploit their information surplus
- can result in inefficient outcomes (for quality, quantity and price)
When are principal-agent problems exacerbated?
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Which three parties are there within health care markets?
- Patient
- Provider
- 'Third-party' payers
What is the double agent role of physicians?
- To provide quality care
- To economize on the use of care
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
