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We study the competitive effects of restricting direct access to secondary care by gatekeeping, focusing on the informational role of general practitioners (GPs). In the secondary care market there are two hospitals choosing quality and specialisation. Patients, who are ex ante uninformed, can...
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This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the … postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social …-maximal lockdown saving lives at the cost of reducing average utility at a given period, there exists always a stricter lockdown, which …
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