Description
Pricing Health Services
Transaction Cost Approach
Author: RAULINAJTYS-GRZYBEK Monika
Language: EnglishSubjects for Pricing Health Services:
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Publication date: 05-2015
164 p. · Paperback
164 p. · Paperback
Description
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According to the assumptions of classical economics, the price should be
set at the intersection of the supply and demand curve under the
assumption of full information and rationality of market participants.
However, in health care pricing is often regulated and price is set by the
regulatory body. Due to the fact that the regulations in terms of pricing
include activities that lead to price-setting of a good (health service),
costs associated with these activities should be treated as transaction
costs.
The study is the result of the research on the transaction costs of the
pricing of health services. The primary objective of the study is to
identify the transaction costs occurring during the pricing of health
services and characterize the factors that affect the level of transaction
costs. An additional objective of this study is to link the conclusions
about the level of transaction costs to the conclusions regarding the
accuracy of the cost-based pricing in health care. The empirical part of
the work was carried out based on the analysis of primary and secondary
sources. Its aim was to present how pricing is organized in seventeen
countries selected.
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