TY - JOUR
T1 - The physician's behavior and equity under a fundholding contract
AU - Glazer, Jacob
AU - Shmueli, Amir
PY - 1995/4
Y1 - 1995/4
N2 - We study the physician's allocation of a fixed budget across patients arriving sequentially at his office. It is shown that, at any point in time, the resources allocated to the present patient will depend on the amount of resources already expended on previous patients and on the physician's attitude towards risk. Consequently, we prove that under a fundholding contract, certain basic equity criteria are violated.
AB - We study the physician's allocation of a fixed budget across patients arriving sequentially at his office. It is shown that, at any point in time, the resources allocated to the present patient will depend on the amount of resources already expended on previous patients and on the physician's attitude towards risk. Consequently, we prove that under a fundholding contract, certain basic equity criteria are violated.
KW - Contracts
KW - Equity
KW - Fundholding
UR - http://www.scopus.com/inward/record.url?scp=0002905541&partnerID=8YFLogxK
U2 - 10.1016/0014-2921(94)00085-E
DO - 10.1016/0014-2921(94)00085-E
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AN - SCOPUS:0002905541
SN - 0014-2921
VL - 39
SP - 781
EP - 785
JO - European Economic Review
JF - European Economic Review
IS - 3-4
ER -