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We study physicians' incentives to use personalized medicine techniques, replicating the physician's trade-offs under … the option of personalized medicine information. In a laboratory experiment where prospective physicians play a dual …
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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. …
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This paper analyzes the optimal contract for a consumer to procure a credence good from an expert when (i) the expert might misrepresent his private information about the consumer’s need, (ii) the expert might not choose the requested service since his choice of treatment is non-observable,...
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The relationship between physician and patient has been discussed intensively in the literature. Nevertheless, they neglect the fact that the production of health not only depends on the medical services supplied by the physician but is also influenced by the patient's compliance. We present a...
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Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
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