Solo versus group practice in the medical profession: the influence of malpractice risk.
Journal Article (Journal Article)
While Partnerships are a significant form of business organization in many sectors of the economy, relatively little is known about the incentives which lead to their formation. This paper explores the formation of partnerships among office based physicians when facing some risk of malpractice litigation. Theoretical results indicate that malpractice exposure can increase the incentives to shirk within a partnership, and so exert a significant influence on the decision to form a partnership. Empirical results find that malpractice risk has the expected negative effect on some partnership formation.
Full Text
Duke Authors
Cited Authors
- Bradford, WD
Published Date
- March 1995
Published In
Volume / Issue
- 4 / 2
Start / End Page
- 95 - 112
PubMed ID
- 7613601
International Standard Serial Number (ISSN)
- 1057-9230
Digital Object Identifier (DOI)
- 10.1002/hec.4730040203
Language
- eng
Conference Location
- England