Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
961300 | Journal of Health Economics | 2010 | 16 Pages |
Abstract
ⶠOpen-loop and closed-loop solutions coincide if treatment costs are linear in output. ⶠQuality is lower in the closed-loop solution if treatment costs are convex in output. ⶠStatic models tend to exaggerate the positive effect of competition on quality.
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Authors
Kurt R. Brekke, Roberto Cellini, Luigi Siciliani, Odd Rune Straume,