Asymmetric Information and the Demand for Health Care - the Case of Double Moral Hazard

Udo Schneider ()

HEW from University Library of Munich, Germany

Abstract: 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: D I (search for similar items in EconPapers)
Pages: 24 pages
Date: 2004-09-27
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)

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/hew/papers/0409/0409001.pdf (application/pdf)

Related works:
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) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwphe:0409001

Access Statistics for this paper

More papers in HEW from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).