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Specialization, Option Demand, and the Pricing of Medical Specialists, Journal of Economics and Management Strategy

Abstract

This paper discusses the supplier power of medical specialists. We argue that a combination of factors, including the structure of health care delivery, reimbursement systems, the presence of option demand, and high consumer switching costs, create circumstances in which medical specialists may be able to exercise significant seller power. We explore the implications of this for the pricing and organization of medical care. Copyright 1996 The Massachusetts Institute of Technology.

Type

Article

Author(s)

David Dranove, William D. White

Date Published

1996

Citations

Dranove, David, and William D. White. 1996. Specialization, Option Demand, and the Pricing of Medical Specialists. Journal of Economics and Management Strategy. 5(2): 277-306.

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