Reference Book: Health Economics by Jay Bhattacharya, Timothy Hyde & Peter Tu PA

Question

Reference Book: Health Economics by Jay Bhattacharya, Timothy Hyde & Peter Tu PART 1: SHORT ANSWERS (5 pts each) 1. What is July effect? (Chapter 5 The Labor Market for Physicians p.81) 2. What are reasons of limited competition in hospital industry? Explain how each reason limits competition in hospital industry (Chapter 6 The Hospital Industry p.100-123) 3. What are three observations one can market? (Chapter 8: adverse Selection: Akerlof's Market for Lemons p 141-161). make that indicate existence of adverse selection in a 4. Adverse selection can lead to collapse of health insurance market through adverse selection death spiral. Although adverse selection can be observed in any insurance market, we do not observe adverse selection in many cases. Name reasons why adverse selection may not occur in real markets. Explain each reason (Chapter 8: adverse Selection: Akerlof's Market for Lemons p 141-161). 5. What are three measures researchers used to measure hospital quality? How do they measure competitiveness in hospital industry? (Chapter 6 The Hospital Industry p.100-123). 6. What is medical arms hypothesis? What does the literature conclude on hospital competition's effect? Is it in favor of medical arms hypothesis? Why? (Chapter 6 The Hospital Industry p.100-123). 0 t, wl xl N1 @ 3 s:

Explanation / Answer

1) July effect is increase in mortality and decrease in hospital's efficiency in the July month of every year. Admitted paitents even after surgery feel no difference in health or die after being operated. It happens due to end year change over. It is the time in the year when medical students graduate in United States and start their residencies. This reduces efficiency and increases mortality in the hospitals

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.