Physicians' working practices : target income, altruistic objectives or a maximization problem ?

Détails

ID Serval
serval:BIB_0950B1241C68
Type
Rapport: document publié par une institution, habituellement élément d'une série.
Sous-type
Working paper: document de travail dans lequel l'auteur présente les résultats de ses travaux de recherche. Les working papers ont pour but de stimuler les discussions scientifiques avec les milieux intéressés et servent de base pour la publication d'articles dans des revues spécialisées.
Collection
Publications
Institution
Titre
Physicians' working practices : target income, altruistic objectives or a maximization problem ?
Auteur⸱e⸱s
Desquins Béatrice, Holly Alberto, Huguenin Jacques
Détails de l'institution
IEMS
Adresse
Université de Lausanne
Date de publication
2009
Numéro
09-03
Genre
Working paper
Langue
anglais
Nombre de pages
53
Notes
Abstract: In traditional literature, a number of authors posit that physicians, like a consumer or a firm, adopt maximization behavior, while others claim that they are motivated by the attainment of a target income. These three approaches may seem contradictory, yet the present study aims to show that they are in fact complementary. This paper aims to highlight the overlapping of these approaches by using a theoretical model - the agent model. From this model, we deduce the income effect, the individualistic substitution effect, the monopolistic effect and their respective elasticities to detect target income behavior. We develop also two theoretical models of leisure and income renouncement to determine the priority which the physician gives to consumption and leisure. Unlike other models, our results show that about 20% of physicians prefer to reach an altruistic objective rather than a leisure or an target income. These last result implies a ranking of target priorities. Moreover, we observe that the Slutsky relation cannot be used to determine individualistic substitution, monopolistic substitution and income effects exactly when leisure is an inferior good. Nor can we confirm the adoption of a target income behavior when income and monopolistic elasticities are negative. Renouncement models indicate that between 60% and 67% of GPs have a clear consumption priority and that they accept a renouncement of their leisure in order to maintain their current level of income. Our results demonstrate that it would be necessary to introduce monopolistic power of physicians and their altruistic priority to test inducement demand. [Authors]
Mots-clé
Physicians/economics
Création de la notice
05/02/2010 10:32
Dernière modification de la notice
20/08/2019 13:31
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