Ontology highlight
ABSTRACT:
SUBMITTER: Li X
PROVIDER: S-EPMC9292273 | biostudies-literature | 2021 Nov
REPOSITORIES: biostudies-literature
Li Xinyu X Li Xinyu X Waibel Christian C
Health economics 20210812 11
We present a model of learning in healthcare markets. Hospitals have junior physicians with low and senior physicians with high ability. Junior physicians turn senior if they treat enough patients. Patients face heterogeneous costs for waiting if a physician's capacity is utilized. Hospitals choose to either allocate patients to physicians randomly or let patients choose their physicians. In a monopolistic market, the hospital always chooses the welfare-maximizing allocation system. In a competi ...[more]