Market structure and the role of consumer information in the physician services industry: an empirical test

Article Abstract:

A study was conducted to examine the market structure for physician services and the role of additional physicians in increasing the search cost of acquiring consumer information and raising prices. Using Panzar and Rosse's econometric test of market structure, the study found that the market for primary care physician services and as physicians specializing in general and family practice and surgery is monopolistically competitive. No major support was found for the notion that the market is marked by consumer informational confusion, except the market for internal medicine physicians.

Information management, Consumer education, Physician services utilization

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Physician ownership of ancillary services: indirect demand inducement or quality assurance?

Article Abstract:

There are two competing arguments for the physician's ownership of ancillary facilities: indirect demand inducement and quality assurance. Physician-owned clinics were found to accept patients 50% more than independent clinics. The difference is accounted for by factors in relation to demand inducement. There was no difference in the quality of care between physician-owned clinics and independent clinics. Physical therapists are more inclined to practice independently than work in physician-owned clinics.

Services, Ambulatory care facilities, Physicians, Medical professions, Clinics

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Moral hazard in physician prescription behavior

Article Abstract:

The extent to which the choice of drug prescribed by a physician is subject to moral hazard is examined.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Ethical Preparations, Medical economics, Drugs, Prescriptions (Drugs)

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