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Agency Theory: Offering New Insights into the Health Care Industry, Journal of Medical Practice Management

Abstract

The economic theory of agency deals with the relationship that arises when one individual delegates authority to another. It offers powerful insights into the organization of health care delivery systems. This paper examines how relationships between doctors, patients, and hospitals can be explored within an agency framework and applied to institutional, fee-for-service, and HMO settings.

Type

Article

Author(s)

David Dranove, William D. White

Date Published

1989

Citations

Dranove, David, and William D. White. 1989. Agency Theory: Offering New Insights into the Health Care Industry. Journal of Medical Practice Management. 4(3): 165-169.

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