the effects of medical insurance and competition in the guise of free choice of physician, including observability of … physicians' market shares. Medical treatment is an example of a credence good: only the physician knows the appropriate treatment …

stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … treatment is an example of a credence good: only the physician (but not the patient) knows the appropriate treatment, and even …