Download or read book Transaction Cost Theories and Health Policies written by Christine C. Huttin and published by . This book was released on 2024-01-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes essays on Transaction Cost theories for Health policies; it shows that such an approach is still useful for liberal economies. It is part of a larger research agenda to develop policy aiding decision tools and address inefficiencies of medical markets. The Transaction Cost Economics framework is applied for a project on re-engineering of California primary care; then an emerging theoretical framework called the "3Ps" develops further a Transaction Cost Political theory with a business approach; it combines Politics, Patients and Products from companies for market access, with 3P from the demand side: Physicians, Pharmacists and Patients. These actors choose individual cost reduction strategies for patients, this explicit information complements the implicit cost cues used in the cost sensitivity simulators (Huttin-Endepusresearch, 2017). Then, the author uses this "3P" framework in two case studies: France and Germany. Results identified that physicians were key players in Germany versus pharmacists in France, with their choices of individual cost reduction strategies. The Transaction Cost approach remains useful for Random Utility Models in health insurance.
Download or read book Managing Health Care in Private Organizations written by Katharina Janus and published by Peter Lang Pub Incorporated. This book was released on 2003 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health care delivery systems in all major industrial countries approach a crisis and there is no panacea so far to rising health care costs, in particular as an aging population and advanced medical technology further drive these costs. This dissertation does not attempt to provide a solution to the <I>macroeconomic debate about health care costs. It rather focuses on <I>microeconomics and how health systems (private entities) organize themselves - cooperate, integrate, and disintegrate - in a specific market, the San Francisco Bay Area, U.S.A. Based on transaction cost economics alternative modes of governance in the health care market are examined. For this purpose a long-term case study has been conducted in the Bay Area in order to evaluate <I>how health care transactions should be organized to economize on transaction costs, which experiences have been made over the last years and which strategies are recommendable for future reorganization in the U.S. health care market and other countries. In addition, implications for the German health care market are discussed as well. A conclusion finally summarizes the findings and outlines further areas of research.
Download or read book Public Ends Private Means written by Alexander S. Preker and published by World Bank Publications. This book was released on 2007 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Great progress has been made in recent years in securing better access and financial protection against the cost of illness through collective financing of health care. Managing scarce resources effectively and efficiently is an important part of this story. Experience has shown that, without strategic policies and focused spending, the poor are likely to get left out. The use of purchasing to enhance public sector performance is well-documented in other sectors. Extension to the health sector of lessons from this experience is now successfully implemented in many developing countries. Public Ends, Private Means: Strategic Purchasing of Value for Money in Health Services is part of a series of World Bank publications on ways to make public spending on health care more efficient and equitable in developing countries. It reviews the underlying economics in terms of agency theory, behavioral science, contract theory, transaction costs, and public choice theory. It provides a synthesis of the institutional environment needed for countries to shift to strategic purchasing, organizational incentives that need to be in place, and management capacity that needs to be strengthened. The volume is supplemented with a CD that presents six regional reviews of current resource allocation and purchasing (RAP) arrangements.
Download or read book The Transaction Cost Economics Project written by Oliver E. Williamson and published by Edward Elgar Publishing. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in conjunction with the vast number of contractual phenomena that have yet to be investigated in transaction cost economics terms. New challenges are posed by the need to move beyond the design of new contractual instruments (such as financial derivatives) to include an examination of the lurking hazards that attend contract implementation.
Download or read book Economic Analysis For Management And Policy written by Jan, Steven and published by McGraw-Hill Education (UK). This book was released on 2005-09-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses theoretical perspectives in health economics by developing an appreciation of how economic concepts and techniques can be applied in policy making and management in the health sector.
Download or read book Pricing health services Transaction cost approach written by Monika Raulinajtys-Grzybek and published by Anchor Academic Publishing (aap_verlag). This book was released on 2015-03-04 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study is the result of the research on the transaction costs of the pricing of health services. Due to the fact that the regulations in terms of pricing include activities that lead to price-setting of a good (health service), costs associated with these activities should be treated as transaction costs. According to the assumptions of classical economics, the price should be set at the intersection of the supply and demand curve under the assumption of full information and rationality of market participants. The primary objective of the study is to identify the transaction costs occurring during the pricing of health services (and relate these cost to the institutional environment and the organization of pricing transaction) and characterize the factors that affect the level of transaction costs – to present the force and direction of the relationship between each of the factors and the level of transaction costs. An additional objective of this study is to link the conclusions about the level of transaction costs to the conclusions regarding the accuracy of the cost-based pricing in health care. The accuracy of the pricing system is related to the degree to which the price structure reflects the actual cost structure of the health services. The institutional approach will add up to the existing research on the importance of cost information for the pricing of health services. The empirical part of the work was carried out based on the analysis of primary and secondary sources. Its aim was to present how pricing is organized in seventeen countries selected.
Download or read book Cost Shifting in Health Care written by Michael A. Morrisey and published by American Enterprise Institute. This book was released on 1994 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the economy theory and empirical evidence of differential pricing in health care.
Download or read book Health Economics written by Barbara McPake and published by Routledge. This book was released on 2020-05-04 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Health Economics: An International Perspective is the only textbook to provide a truly international, comparative treatment of health economics. Offering an analysis of health systems across borders, the fourth edition of this key text has been updated and revised to take account of changes in a host of countries. This edition features an expanded introduction, providing better grounding for many of the examples that come in subsequent chapters and making it easier for non-health care experts to see the links between the theory, the examples and the health care system components. It also boasts a restructured format, dividing the book into two broad sections: the first focuses on ideas and principles, along with evidence on their applications in the health sector, whereas the second focuses on introducing core tools and techniques used in applied health economics research. Further updates to this edition include: two new chapters on applied econometrics; a new chapter on equity, focusing on equity in access to health care, paying particular attention to how access and need for health care are defined and measured in applied research; a new chapter on emerging issues for health systems that are emanating from a series of global transitions both within (e.g. demographic change, epidemiological change, the global resolution on universal health coverage) and without the health sector (e.g. economic transitions). Throughout the text, examples and illustrations are taken from a wide range of settings and world regions, providing a unique overview of the performance of different health systems.
Download or read book Transaction Costs Institutions and Economic Performance written by Douglass Cecil North and published by Ics Press. This book was released on 1992 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transaction Costs Theory Applied to the Choice of Reimbursement Scheme in an Integrated Health Care System written by Mickael Bech and published by . This book was released on 2005 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Moral Hazard in Health Insurance written by Amy Finkelstein and published by Columbia University Press. This book was released on 2014-12-02 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice
Download or read book The Use of Transaction Cost Economics Fuzzy Set and Systems Theories in the Development of a Three dimensional Pricing Model of Asset Specificity and Contracts and Applied to Health Care written by Mary Kathleen Donneson and published by . This book was released on 1998 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost and Competition in American Medicine written by Les Seplaki and published by University Press of America. This book was released on 1994 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the 1990 Booker Prize. A witty meditation of the democratic responsibilites of the ordinary man, his duty to employer and family, and a poignant tale of thwarted idealism, this is perhaps Ishiguro's finest novel. The Remains of the Day is a charming, amusing and moving story which captures the reader's imagination from the first sentence.
Download or read book American Health Care written by Roger D. Feldman and published by Transaction Publishers. This book was released on with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: President Clinton's health care reform proposals of 1993 represented the most far-reaching program of social engineering attempted in the United States since the passage of Medicare and Medicaid in 1965. Under the guise of reforming the health care system, the Clinton plan would have herded almost all Americans under age sixty-five into large, government-sponsored health insurance purchasing alliances that would have contracted with insurers to offer a standard set of benefits at regulated prices. The plan came under fire from both Republicans and Democrats, including moderates from both parties, but it soon became apparent that what doomed it was a public unwilling to trust government to manage their health care. The critical literature has failed to offer a cogent analysis of why government control of health care does not work. American Health Care delivers that analysis. This volume examines why untoward consequences usually follow when government sets out to do good things. The contributors demonstrate how hospital rate regulation raises hospital prices, that "no-fault" medical malpractice increases the occurrence of faulty medicine, and that FDA regulation is a major cause for the escalating cost of new drugs. Part 1, trace the genesis of Medicare and its later developments and argue the consumer advantages of medical savings accounts and written health contracts. Part 2, explore the fallacies of antitrust policies that serve the interests of competitors, attack community rating for making health insurance unaffordable to large numbers of young workers. Part 3, contains a powerful critique of the FDA for withholding vital information on the health benefits of aspirin and shows how HMOs and other plans have caused pharmaceutical marketing to shift its focus from medical effectiveness to cost effectiveness. The final section explores how the private sector is improving in the areas of regulating physician and other health professional fees and the supply and quality of health professionals. American Health Care proposes reasonable balances between government and market options for in supply of health services. Without denying the need for some governmental action, the contributors show how far the market can go farther in performing critical functions in the health care industry. This volume will be important reading for health policymakers, economists, and health care professionals. Roger Feldman is professor at the Institute for Health Services Research, University of Minnesota. Mark V. Pauly is professor in the Department of Health Care Systems of the Wharton School, University of Pennsylvania.
Download or read book The Functions of Transaction Costs written by David M. Driesen and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article critically examines the goal of minimizing transaction costs, including the costs of legal decision-making. This goal permeates the law and economics literature and has profoundly influenced public policy. While most transaction cost scholarship has focused upon private law, this influence has been especially pervasive in public law, where it has contributed to a variety of legal changes aimed at reducing public transaction costs, often through privatization. We argue that transaction costs perform useful functions. They frequently enable those engaging in transactions to obtain information needed to correct for information asymmetries or inadequate information. They facilitate efficient transactions, allow the avoidance of bad transactions, and serve important equitable goals. It follows that lawmakers must take transaction cost functions into account when deciding whether eliminating them is desirable. We discuss how to identify transaction cost functions and how to take these functions into account in choosing legal rules. In so doing, we extend the transaction cost debate, which has focused predominantly on private law, into the public law arena, or, more precisely, into the debate about the role of private markets in achieving public values. While some transaction costs deserve elimination, we conclude that maintaining or even increasing transaction costs sometimes makes sense. We show that viewing all transaction costs as a simple deadweight loss skews legal theory in both the public and private realms. This article uses the teachings of the Supreme Court's procedural due process jurisprudence, institutional economics, and theories focusing on information to inform analysis of transaction costs. It examines transaction costs' role in both the legal theory and policy-making in a wide variety of areas, including nuisance law, environmental law, intellectual property, corporate law, contract and the privatization of social services. Keywords: Law & Economics, Institutional Economics, Environmental, Corporate, Contracts, Copyright.
Download or read book Health Care Financing and Insurance written by Francesco Paolucci and published by Springer Science & Business Media. This book was released on 2010-10-28 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a contribution to the search for suitable and sustainable solutions to finance rising medical care expenditures, the book proposes a typology of healthcare financing and insurance schemes, based on the dimensions of basic vs. supplementary services and mandatory vs. voluntary coverage, to analyse the design and the complex interactions between various financing and insurance arrangements in several OECD countries. This study provides a better understanding of the strengths and weaknesses of the financial and organisational structures of different countries’ healthcare financing and insurance schemes. Its main contributions are the development of a novel and rigorous theoretical framework analysing the economic rationales for the optimal design of healthcare financing and insurance schemes, and an empirical and institutional analysis investigating the consequences for efficiency and affordability of the complex interactions between basic and supplementary sources of financing.
Download or read book Transaction Cost Economics Policy and applications written by Oliver E. Williamson and published by . This book was released on 1995 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analiza: Costes de producción, teoría y conceptos; Regulación y política económica; Antitrust.