Skip to main content

SAGE Social Science Thesaurus

Search from vocabulary

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]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-DT0L6PF4-R

Download this concept: