Showing 1 - 10 of 12,626
Based on a Salop model with regulated prices, we investigate quality provision behavior of competing hospitals before and after a merger. For this, we use a controlled laboratory experiment where subjects decide on the level of treatment quality as head of a hospital. We find that the...
Persistent link: https://www.econbiz.de/10011444718
Asymmetric information can distort market outcomes. I study how the online disclosure of information affects consumers' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build a model of consumer search with firms' endogenous...
Persistent link: https://www.econbiz.de/10013285520
In recent years, several countries have introduced non-monetary performance incentives for health care providers to improve the quality of medical care. Evidence on the effect of non-monetary feedback incentives, predominantly in the form of public quality reporting, on the quality of medical...
Persistent link: https://www.econbiz.de/10010489953
Persistent link: https://www.econbiz.de/10014227166
We study how competition between physicians affects the provision of medical care. In our theoretical model physicians … in a controlled laboratory experiment. In line with the model, we observe that competition significantly improves patient … physician, competition even decreases the patient benefit compared to a situation without competition. This decrease is in …
Persistent link: https://www.econbiz.de/10013186168
Persistent link: https://www.econbiz.de/10014329202
offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …
Persistent link: https://www.econbiz.de/10010433911
Persistent link: https://www.econbiz.de/10010191078
Our study proposes a novel mechanism to reduce information asymmetry about product quality between buyers and sellers. Product testing organizations like Consumer Reports (US) and Stiftung Warentest (Germany) seek to reduce this asymmetry by providing credible information. However, limited...
Persistent link: https://www.econbiz.de/10012405619
Using quality information for analysis, or staying with just quantity based information is always a good base for debate: Either relying on quantitative measurements and data (which is sad to be more accurate and easier to rely on) or use quantitative measurements (which is sad to be human /...
Persistent link: https://www.econbiz.de/10009374421