make a voluntary payment, a bonus, after observing advice quality. While the combination of competition and reputation …. Thus, our results suggest that a voluntary component can act as a substitute for either competition or reputation …

reputation cannot credibly commit to exerting effort when working alone. However, by hiring and working with juniors of uncertain … reputation, seniors will have incentives to exert effort. Incentives for young agents arise from a concern for their own … reputation (and the opportunity to take over the firm) but older agents work for the reputation of their firms (and the …

gatekeepers to specialist care. This chapter outlines the main economic issues in general practice. Within the context of … of referral behaviour, the effects of payment systems, and GPs as firms (partnerships and vertical integration). Overall …