| Physician Networks, Integration and Efficiency Contributor(s): Federal Trade Commission (Author) |
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ISBN: 1502365642 ISBN-13: 9781502365644 Publisher: Createspace Independent Publishing Platform OUR PRICE: $14.20 Product Type: Paperback Published: September 2014 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory |
| Physical Information: 0.05" H x 8.5" W x 11" (0.19 lbs) 26 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The creation of physician networks has been an important part of the managed care revolution. while the anticompetitive dangers of physician-controlled networks are clear, there has been little theoretical or empirical work on why physician control might be efficient relative to other control alternatives. This book offers a theory, based on asset specificity in the face of the contractual incompleteness, explaining why physician control might be efficient. Our analysis implies that harsh antitrust treatment of physician controlled networks, based on an observation that networks may be organized without physician control, in not appropriate. Recent revisions in antitrust policy are consistent with a more expansive view of the efficiency potential of physician-controlled networks. |