Affiliation:
1. Professor of Health Care Systems and Insurance, The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania.
Abstract
Physicians and other medical providers are subject to a negligence rule of liability. In a simple model, with perfect information and homogeneous physicians, a negligence rule of liability with an appropriately defined due care standard should induce complete compliance: there should be no malpractice, no malpractice claims, and no demand for malpractice insurance. The malpractice experience is seriously at odds with this prediction. First, what goes wrong? Second, if the system does indeed operate imperfectly, does it yield benefits in terms of injuries deterred that outweigh the high overhead costs of operating a liability system?
Publisher
American Economic Association
Subject
Economics and Econometrics,Economics and Econometrics
Cited by
56 articles.
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