The structure of the physician's service market has resulted in the development of the supplier-induced demand...

The structure of the physician's service market has resulted in the development of the supplier-induced demand hypothesis to explain conduct in the market. In at least a 250 word posting, discuss the theoretical and empirical issues surrounding the supplier-induced demand hypothesis.

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Rahul Sunny answered 2 years ago

The structure of the physicians service market has resulted in the development of the supplier-induced demand...

The structure of the physicians service market has resulted in the development of the supplier-induced demand hypothesis to explain conduct in the market. In at least a 250 word posting, discuss the theoretical and empirical issues surrounding the supplier-induced demand hypothesis. After reading the postings of other students select the one that you found most interesting to respond to. Your response should be at least 75 words and include why you found this posting interesting.

What are supplier induced demand and prescription authority? What are the problems associated with each?

Question 5 (5 marks) Describe what is meant by supplier-induced demand? (use asupply and demand diagram...

Question 5 (5 marks) Describe what is meant by supplier-induced demand? (use asupply and demand diagram to help you explain your answer) Why would economists be concerned about the presence of supply-induced demand?

1- explain the concept of supplier-induced demand in medical markets? 2- explain methods that can be...

1- explain the concept of supplier-induced demand in medical markets? 2- explain methods that can be used to reduce it in healthcare.

When would supplier induced demand increase? When will it decrease? Please provide examples! If doctors are...

When would supplier induced demand increase? When will it decrease? Please provide examples! If doctors are presented a bonus for every patient they see that day would supplier induced demand increase or decrease?

How can you estimate the magnitude of “supplier induced demand”? (Please describe the empirical data you...

How can you estimate the magnitude of “supplier induced demand”? (Please describe the empirical data you propose to use, and the specification of the regression). What is the identification challenge? How would you address the identification issue?

COLLAPSE Supplier-induced demand (SID) hypothesis states that physicians abuse their role as medical advisors to advance...

COLLAPSE Supplier-induced demand (SID) hypothesis states that physicians abuse their role as medical advisors to advance their own economic self interests. Theses self-interest actions include prescribing medical care beyond what is needed, and it can include unnecessary follow-up visit and unnecessary surgery (SANTERRE). Patients depend on physician to give them the right advice and the right treatment but some feel that physicians are out for their own economic interests. Some feel that physicians, when faced with a decrease to their...

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Fisher is an electronic supplier has annual demand 9000 units. The supplier pays $2000 for each...

Fisher is an electronic supplier has annual demand 9000 units. The supplier pays $2000 for each unit and estimate that the annual holding cost 1% of the price. It costs approximately $200 to place an order (managerial and clerical cost). Assume the operates on a 300 day working year. Apply the economic order quantity model to determine Q* How many expected orders be placed per year using the calculated EOQ? Determine the annual ordering, holding and total inventory costs for...

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