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Can competition reduce quality?

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Detalhes bibliográficos
Resumo:We study the effect of competition on quality in markets such as health care, long-term care and education, when providers choose both prices and quality in a setting of spatial competition. We offer a novel mechanism whereby competition leads to lower quality. This mechanism relies on two key assumptions, namely that the providers are motivated and riskaverse. Our proposed mechanism can help explain several empirical findings of a negative effect of competition on quality.
Autores principais:Brekke, Kurt R.
Outros Autores:Siciliani, Luigi; Straume, Odd Rune
Assunto:Quality and price competition Motivated providers Risk-averse providers
Ano:2012
País:Portugal
Tipo de documento:working paper
Tipo de acesso:acesso aberto
Instituição associada:Universidade do Minho
Idioma:inglês
Origem:RepositóriUM - Universidade do Minho

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