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Supply and Demand for Medical Care: Or, Is the Health Care Market Perverse?
Author(s) -
Richardson Jeff
Publication year - 2001
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/1467-8462.00203
Subject(s) - supply and demand , business , health care , physician supply , medical care , economics , medicine , nursing , microeconomics , economic growth
The argument that health market behaviour is idiosyncratic is reviewed and evidence concerning ‘Supplier Induced Demand’ is presented. The theoretical basis and implications of this pivotal hypothesis are discussed.