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An Economic Model of the Salaried Physician in a Public Health Care System

Lundqvist, Adam LU (2012) NEKM01 20121
Department of Economics
Abstract
At present there is no health economic model that can fully explain the behaviour of the salaried physician in public health care systems.

My purpose is to create a working economic model of the salaried physician in a public health care system. Any model is a simplification of reality and choices have to be made between simplicity and relevance.

For this reason I present a sequence of models that gradually evolve from simpler models towards more realistic ones. More precise, I develop three models. The first model is a neoclassical model, which considers the salaried physician as a double agent for both the patient and the hospital manager. The second model is a multidisciplinary model, which in addition integrates insights from... (More)
At present there is no health economic model that can fully explain the behaviour of the salaried physician in public health care systems.

My purpose is to create a working economic model of the salaried physician in a public health care system. Any model is a simplification of reality and choices have to be made between simplicity and relevance.

For this reason I present a sequence of models that gradually evolve from simpler models towards more realistic ones. More precise, I develop three models. The first model is a neoclassical model, which considers the salaried physician as a double agent for both the patient and the hospital manager. The second model is a multidisciplinary model, which in addition integrates insights from social psychology and sociology. The third model is a bounded rationality model, which also allows for cognitive limitations and unstable preferences.

At this point, it is my conclusion that the multidisciplinary model is best suited for modelling the salaried physician in a public health care system. At the same time I am of the opinion that the challenge for the future is to further develop the bounded rationality model. (Less)
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author
Lundqvist, Adam LU
supervisor
organization
course
NEKM01 20121
year
type
H1 - Master's Degree (One Year)
subject
keywords
Health Economics, Physician agency, Salaried, Public Health Care System, Economic Model
language
English
id
2343111
date added to LUP
2012-02-17 14:08:33
date last changed
2012-02-17 14:08:33
@misc{2343111,
  abstract     = {At present there is no health economic model that can fully explain the behaviour of the salaried physician in public health care systems. 

My purpose is to create a working economic model of the salaried physician in a public health care system. Any model is a simplification of reality and choices have to be made between simplicity and relevance.
 
For this reason I present a sequence of models that gradually evolve from simpler models towards more realistic ones. More precise, I develop three models. The first model is a neoclassical model, which considers the salaried physician as a double agent for both the patient and the hospital manager. The second model is a multidisciplinary model, which in addition integrates insights from social psychology and sociology. The third model is a bounded rationality model, which also allows for cognitive limitations and unstable preferences.

At this point, it is my conclusion that the multidisciplinary model is best suited for modelling the salaried physician in a public health care system. At the same time I am of the opinion that the challenge for the future is to further develop the bounded rationality model.},
  author       = {Lundqvist, Adam},
  keyword      = {Health Economics,Physician agency,Salaried,Public Health Care System,Economic Model},
  language     = {eng},
  note         = {Student Paper},
  title        = {An Economic Model of the Salaried Physician in a Public Health Care System},
  year         = {2012},
}