Theoretical Concepts for the Assessment of Managed Care

Volker Eric Amelung
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Volker Eric Amelung: Hannover Medical School

Chapter 3 in Healthcare Management, 2013, pp 23-38 from Springer

Abstract: Abstract Using the two approaches of the new institutional economy, certain fundamental ideas will be introduced about the design of institutions as well as incentive and monitoring systems. The transaction cost theory offers a method for analysing the assessment of vertical integration along the value chain and, thus, for evaluating integrated care systems, among other things. The principal-agent theory is concentrated on delegation relations and their inherent information asymmetries. There is hardly another field in which the considerable information asymmetries are so clear between those who delegate tasks (e.g. the patient) and those who carry out the tasks (e.g. a physician). The principal-agent theory investigates how contracts can best be designed in such a configuration.

Keywords: Transaction Cost; Information Asymmetry; Moral Hazard; Adverse Selection; Moral Hazard Problem (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-38712-8_3

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DOI: 10.1007/978-3-642-38712-8_3

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