The fourth paper explains why it might not be welfare maximizing to incentivize doctors to take costs of treatment into account in their prescription decisions. By extending the classic cheap talk model, it is shown that cost incentives reduce the information transmitted from patient to doctor which leads to a welfare loss.
|Qualification||Doctor of Philosophy|
|Award date||21 Jun 2012|
|Place of Publication||Tilburg|
|Publication status||Published - 2012|