Asymmetric Information and the Demand for Health Care - the Case of Double Moral Hazard
Udo Schneider ()
HEW from EconWPA
The production of health does not only depend on the medical services supplied by the physi-cian but is also influenced by the patient’s compliance. A model of medical treatment is pre-sented in which both the actions of physician and patient are modeled as a productive input. The analysis distinguishes between three cases of strategic interaction. The consequences of asymmetric information between physician and patient are lower activity levels, only in the case of strategic substitutes the result might change. Furthermore, the effects of the implementation of a demand-side coinsurance are discussed.
Keywords: principal-agent theory; double moral hazard; strategic interaction; compliance (search for similar items in EconPapers)
JEL-codes: I D (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-hea
Note: Type of Document - pdf; pages: 24
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
Journal Article: Asymmetric Information and the Demand for Health Care – the Case of Double Moral Hazard (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwphe:0409001
Access Statistics for this paper
More papers in HEW from EconWPA
Series data maintained by EconWPA ().