Liability Monitor over 1990 to 2017. A number of core findings are not easily explained by standard economic theory. First, we …

data. Factors emphasized in the economic theory of agency, notably risk aversion, also shape pay policies but these factors … cannot account for all the observed empirical relationships. -- incentives ; social norms ; physicians …

behavior. These features include: (1) physicians can choose a payment contract from a menu that includes an enhanced fee … blended capitation contract; (3) physicians sort selectively into the contracts based on their preferences; and (4) physicians … in the blended capitation model provide fewer services than physicians in the enhanced fee-for-service model. …

-form approach. Using detailed survey data for Australian physicians, we examine how these different modelling approaches affect …

possibility of differential productivity across occupations. The model combines moral hazard and matching of physicians and … occupations with pre-matching investments. In equilibrium assortative matching takes place; more able physicians join occupations …

Although physicians are often expected to be gatekeepers to health insurance benefits such as paid sick leave, research … most physicians prefer to be good gatekeepers, all of them may trust their patients in Nash equilibrium. These ideas are … illustrated using results from focus group interviews with Norwegian primary care physicians. …