Plausible Influences on Physicians’ Marginal Revenue Product Project
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Plausible Influences on Physicians’ Marginal Revenue Product Project
WE WRITE ESSAYS FOR STUDENTS
Tell us about your assignment and we will find the best writer for your project
Write My Essay For Me5.1 List three factors that are plausible influences on physicians’ marginal revenue product and explain your answers.
5.2 In this chapter, we noted there is some empirical evidence that beginning medical students systematically underestimate physicians’ earnings. What might explain why prospective medical students and beginning medical students tend to underestimate earnings in this occupation?
5.3 The physician (supplier)-induced demand model has been proposed as a framework for explaining important features of physicians’ services markets. Answer the following questions about physician-induced demand: a. What is meant by physician-induced demand? b. Specifically which stylized facts about physicians’ services markets does PID attempt to explain?
- What empirical evidence has been used to support the PID hypothesis? d. What would be the consequences of an increase in physician supply on the price of physician services, the quantity of physician visits, and total physician expenditures according to the PID hypothesis? How would these predictions differ from those of a conventional economic model of physician behavior?
5.4 Explain the distinction between perfectly competitive and monopolistically competitive markets. Which type of market structure provides a better description of the market for physicians’ services? Justify your answer.
5.5 Define “search,” “experience,” and “credence” goods. Which label best applies to each of the following? Discuss each case and justify your answers. a. notebook computer; b. physician office visit; c. applying for admission to medical school; d. surgical treatment; e. prescription drugs.
5.7 a. List the pros and cons of group practices as compared to solo practice. That is, what benefits can physicians receive if they join the group practice, and what costs do physicians or society as a whole need to pay for group practices? b. Which of the following doctors are more likely to join group practices, other things being equal? Explain your answers. i. risk-averse versus risk-neutral physicians; ii. young versus mature physicians; iii. male versus female physicians.
5.8 The Pauly-Satterthwaite model was developed to explain why physicians’ fees tend to be higher in markets with more physicians relative to the population. a. Using graphs, show why physicians’ fees may be higher in geographic areas in which physicians are relatively numerous b. What is the argument that search costs are higher in market areas with more doctors (according to the model)? How would the existence of other organizations, such as governments and private health insurers, as participants in the market for physicians’ services affect the analysis?]
5.9 Suppose you are contemplating a career as a physician, and you hear the following news from your country. Explain whether the following news is “good news” or “bad news” for your decision to choose medicine as a career. Good news means that the event increases your financial incentive to become a physician, and vice versa for bad news. Discuss each case separately, and justify your answers. Identify uncertainties that add ambiguity to the analysis. a. The share of gross domestic product spent on health care has increased substantially over time and is expected to increase in the future. b. Payment reform will lead to a switch from fee-for-service payments to a capitation plan. c. The government announces it will build a new medical school in your state. d. The government announces it will implement national health insurance that will provide comprehensive benefits to every citizen.
Plausible Influences on Physicians’ Marginal Revenue Product Project Essay
DO MY HOMEWORK NOW!Write my Essay. Premium essay writing services is the ideal place for homework help or essay writing service. if you are looking for affordable, high quality & non-plagiarized papers, click on the button below to place your order. Provide us with the instructions and one of our writers will deliver a unique, no plagiarism, and professional paper.
Get help with your toughest assignments and get them solved by a Reliable Custom Papers Writing Company. Save time, money and get quality papers. Buying an excellent plagiarism-free paper is a piece of cake!
All our papers are written from scratch. We can cover any assignment/essay in your field of study.
