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- W3123328051 abstract "Recent health system reforms have introduced prospective payments and free choice by patients. The expected outcome is efficiency in production and a high quality level for the services provided. The former should be obtained by the prospective payment scheme; the latter by the demand mechanism, consistent with natural competition between providers. Unfortunately, because of asymmetric information, patients are unable to observe the true quality and the demand for health care services might depend on a misperceived quality influenced by the hospital advertising. Inefficiency in the resource allocation and social welfare loss in terms of quality are both likely effects. However the purchaser can implement suitable policies able to overcome these undesired effects. The goal is the reduction of the advertising returns by means of information." @default.
- W3123328051 created "2021-02-01" @default.
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- W3123328051 date "2005-10-21" @default.
- W3123328051 modified "2023-09-27" @default.
- W3123328051 title "Information vs. Advertising in the Market for Hospital Care" @default.
- W3123328051 hasPublicationYear "2005" @default.
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