Patients, Doctors and Contracts: An Application of Principal-Agent Theory to the Doctor-Patient Relationship

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Summary

This paper focuses on communication between doctors and patients within the doctor-patient relationship as a method by which the utility of the principal (patient) can be maximised and has implications for the training of doctors in communication skills as a response to market failure caused by asymmetry of information.

Type
article
Published
1999-05-01
Cited by
134
References
0

Keywords

Principal (computer security), Quality (philosophy), Information asymmetry, Doctor–patient relationship, Health care

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