Author: Myles P. GartlandPublisher:
ISBN:
Category : Capitation fees (Medical care)
Languages : en
Pages : 106
Book Description
This dissertation is a series of three separate studies with a common theme. All three essays examine the issue of sub-optimality in industrial organization. The first essay is a literature analysis of the economic theory of path dependency. I find that economics has ignored the contributions made by other social sciences and business research. The second essay uses a case study of the U.S. health care industry to demonstrate how behavioral lock-in can create and perpetuate market failure. The third essay is an empirical study which demonstrates how the implementation of a capitated payment mechanism has increased the physician organization's internal cost. Each of these essays demonstrate how inefficient and sub-optimal outcomes can persist and therefore result in market failure.
