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Price Discrimination for Physicians' Services

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  • Robert T. Masson
  • S. Wu

Abstract

This paper develops an alternative model for the discriminatory pricing behavior of physicians. By introducing search cost explicitly, it generates a result that price discrimination will be practiced by all physicians even if the elasticity of market demand is less than one and all or most of the physicians are profit-maximizers. The proposed model also explains the history and the recent trend of pricing behavior in medicine and may further explain some of the political actions of the American Medical Association.

Suggested Citation

  • Robert T. Masson & S. Wu, 1974. "Price Discrimination for Physicians' Services," Journal of Human Resources, University of Wisconsin Press, vol. 9(1), pages 63-79.
    • Handle: RePEc:uwp:jhriss:v:9:y:1974:i:1:p:63-79
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    Cited by:

    1. Martin Gaynor, 1994. "Issues in the Industrial Organization of the Market for Physician Services," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 3(1), pages 211-255, March.
    2. Mark A. Satterthwaite, 1977. "The Effect of Increased Supply on Equilibrium Price : A Theory for the Strange Case of Physicians' Services," Discussion Papers 294, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    3. Philippe Batifoulier, 1999. "Éthique professionnelle et activité médicale: une analyse en termes de conventions," Revue Finance Contrôle Stratégie, revues.org, vol. 2(2), pages 5-24, June.
    4. Louis De Alessi, 1989. "The Effect of Institutions on the Choices of Consumers and Providers of Health Care," Journal of Theoretical Politics, , vol. 1(4), pages 427-458, October.

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