The Health Care Market
The Free Market Approach
The Free Market Approach
Sellers of Health Care
What Will Influence How Much
Dentistry People Are Prepared to Buy at a Particular Time?
Real Income
The Demand Curve
The Demand Curve
The Demand Curve
Supply (Dentists)
Maximizing Profits
Supply
Change in Costs
The Market
"The free interaction
of buyers..."
Case Study Cosmetic
Dentistry
"Clearly there is a
demand..."
Elasticity
Price Elasticity of Demand
(PED)
PED
PED
Cost Sharing in Health Care
Markets as Dynamic systems
Real World Markets
Real World Markets
Uncertainty and
Imperfect Information
Power to Impose Unwanted Treatments
Doctors’ Monopoly
Doctors Monopoly
Why Might Markets Fail?
Perfect Competition
Problems of Risk and
Uncertainty
Moral Hazard
Moral Hazard
Unequal Information
Rational Choices
Dentists as
Agents
Supplier Induced Demand
Supplier Induced Demand