Are patient-regarding preferences stable?

Jian Wang, Tor Iversen, Heike Hennig-Schmidt and Geir Godager
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Jian Wang: Department of Health Management and Health Economics, Postal: HERO / Department of Health Management and Health Economics, P.O. Box 1089 Blindern, NO-0317 Oslo, Norway

No 2020:2, HERO Online Working Paper Series from University of Oslo, Health Economics Research Programme

Abstract: We quantify patient-regarding preferences by fitting a bounded rationality model to data from an incentivized laboratory experiment, where Chinese medical doctors, German medical students and Chinese medical students decide under different payment schemes. We find a remarkable stability in patient-regarding preferences when comparing subject pools and we cannot reject the hypothesis of equal patient-regarding preferences in the three groups. The results suggest that a health economic experiment can provide knowledge that reach beyond the student subject pool, and that the preferences of decision-makers in one cultural context can be of relevance in a very different cultural context.

Keywords: Laboratory experiment; Bounded rationality; Payment mechanism; Physician behavio (search for similar items in EconPapers)
JEL-codes: C92 D82 H40 I11 J33 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2019-04-17, Revised 2020-03-02
New Economics Papers: this item is included in nep-exp, nep-hea, nep-hrm and nep-ltv
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:oslohe:2020_002

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