Agency theory: New insights into the health care industry

D. Dranove, W. D. White

Research output: Contribution to journalArticlepeer-review

5 Scopus citations


The economic theory of agency deals with relationship that arises when one individual delegates authority to another. It offers powerful insights into the organization of health care delivery systems. This paper examines how relationships between doctors, patients, and hospitals can be explored within an agency framework and applied to institutional, fee-for-service, and HMO settings.

Original languageEnglish (US)
Pages (from-to)165-169
Number of pages5
JournalJournal of Medical Practice Management
Issue number3
StatePublished - Jan 1 1989

ASJC Scopus subject areas

  • Medicine (miscellaneous)

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