patient welfare. Physicians' incentives vary based on the organizational environment in which they practice. We use the …Physicians, acting in their role as experts, are often faced with situations where they must trade off personal and … osteoarthritis, as an “informational shock” to gauge the impact of physicians' agency relationships on treatment decisions. Using a …

Despite increasing calls for value-based payments, existing methodologies for determining physicians' "value added" to … patient health outcomes have important limitations. We incorporate methods from the value added literature in education … health status during the course of a hospitalization. We then tie our measures of physician value added to patient outcomes …

Measuring physician quality is fundamental to understanding healthcare productivity, yet patient sorting can confound … attempts to estimate the types of physicians that improve survival. This paper aims to overcome selection bias by exploiting … plausibly exogenous variation in the mix of physicians available to treat patients when they are admitted to the hospital via …

Physicians, judges, teachers, and agents in many other settings differ systematically in the decisions they make when … radiologists view failing to diagnose a patient with pneumonia as more costly than incorrectly diagnosing one without, and that …

theoretical framework for assessing the degree to which incentive contracts do in fact induce physicians to deviate from a … standard guided only by patient interests and professional medical judgement. Our empirical evaluation of the model relies on …

executive officers. However, firms are run by teams of managers, and a theory of the firm should also explain the distribution …

, and the returns to the average and marginal patient vary considerably …