Literature DB >> 18031852

Custom-made versus ready-to-wear treatments: behavioral propensities in physicians' choices.

Richard G Frank1, Richard J Zeckhauser.   

Abstract

To customize treatments to individual patients entails costs of coordination and cognition. Thus, providers sometimes choose treatments based on norms for broad classes of patients. We develop behavioral hypotheses explaining when and why doctors customize to the particular patient, and when instead they employ "ready-to-wear" treatments. Our empirical studies examining length of office visits and physician prescribing behavior find evidence of norm-following behavior. Some such behavior, from our studies and from the literature, proves sensible; but other behavior seems far from optimal.

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Year:  2007        PMID: 18031852     DOI: 10.1016/j.jhealeco.2007.08.002

Source DB:  PubMed          Journal:  J Health Econ        ISSN: 0167-6296            Impact factor:   3.883


  22 in total

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