ECMC34 Lecture 8.pdf

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Department
Economics for Management Studies
Course
MGEC34H3
Professor
M.C,
Semester
Winter

Description
Target Income Model physicians try to maintain their incomeassumes some monopoly for physiciansuse imperfect info to induce services to maintain their target incomeEvans Model disutility of direction modelmonopoly power for physiciansphysicians prefer not to induce demand get disutility from inducing utility curves backwardeconomic good that is takespreferences that are part of the model
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