1. Physician Agency

2. Introduction Asymmetric Information Perfect versus imperfect agency.
Prinicpals (Patients)
Agents (Physicians)
Perfect versus imperfect agency.
If you could know everything the doctor knows, what would you do?

3. Market For Physician Services
Monopolistic Competition

5. Market For Physician Services
Price Discrimination versus Cost Shifting

8. Market For Physician Services
Physician Altruism

9. Physicians as Quantity Setters

11. Physician Induced Demand (SID)
evidence
Imagine if the grocery store could tell you when you were hungry and what you were hungry for.

12. Physician Behavior in Age of Managed Care
Reimbursement Methods
Capitation based pay
Salary and
Revenue sharing

13. Medical Malpractice
Defensive Medicine

16. Trends in Premiums for Physicians' Medical Malpractice Insurance, by Type of Physician, 1993 to 2002