Concept information
Preferred term
supplier-induced demand
Definition
- Traditional economic theory assumes that the market for health services is characterized by an upward-sloping supply curve and a downward-sloping demand curve. Patients are assumed to be rational consumers who make informed utility-maximizing choices, while physicians are profit maximizers. [Source: Encyclopedia of Health Services Research; Supplier-Induced Demand]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/supplier-induced_demand
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