Pedersen, LB, Hess, S orcid.org/0000-0002-3650-2518 and Kjaer, T (2016) Asymmetric information and user orientation in general practice. Exploring the agency relationship in a best-worst scaling study. Journal of Health Economics, 50. pp. 115-130. ISSN 0167-6296
Abstract
This study uses a best–worst scaling experiment to test whether general practitioners (GPs) act as perfect agents for the patients in the consultation; and if not, whether this is due to asymmetric information and/or other motivations than user orientation. Survey data were collected from 775 GPs and 1379 Danish citizens eliciting preferences for a consultation. Sequential models allowing for within-person preference heterogeneity and heteroskedasticity between best and worst choices were estimated. We show that GPs do not always act as perfect agents and that this non-alignment stems from GPs being both unable and unwilling to do so. Unable since GPs have imperfect information about patients' preferences, and unwilling since they are also motivated by other factors than user orientation. Our findings highlight the need for multi-pronged strategies targeting different motivational factors to ensure that GPs act in correspondence with patients' preferences in areas where alignment is warranted.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2016, Elsevier. This is an author produced version of a paper published in Journal of Health Economics. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Agency theory; General practice; Asymmetric information; User orientation; Best–worst scaling case 3 |
Dates: |
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Institution: | The University of Leeds |
Funding Information: | Funder Grant number EU - European Union 615596 |
Depositing User: | Symplectic Publications |
Date Deposited: | 27 Oct 2016 14:33 |
Last Modified: | 11 Jan 2023 13:09 |
Published Version: | http://doi.org/10.1016/j.jhealeco.2016.09.008 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.jhealeco.2016.09.008 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:106575 |