Compensation and Productive Efficiency in Partnerships
Evidence from Medical Groups Practice
Bibliographic Data
| ID | 10171802 |
|---|---|
| Authors | Martin Gaynor (0000-0002-9291-2677), Mark V Pauly (0000-0003-4957-4825) |
| Year | 1990 |
| Volume | 98 |
| Issue | 3 |
| Pages | 544-573 |
| Publication date | 1990-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261694 |
| OpenAlex | W2082661096 |
| Language | EN |
| Citations received | 21 |
| References cited | 12 |
In this paper, the authors develop and test a model of the effect of alternative compensation arrangements on productive efficiency in medical group practices. The technique employed is maximum likelihood production frontier estimation. The authors provide a simple behavioral model of the determination of productive efficiency and a new interpretation of the economic measure of technical efficiency. They derive a "behavioral production function" that relates production to individual responses to incentives, and they indicate that the impossibility of recovering the parameters of the production technology from observed behavior. Overall, the empirical results indicate that incentives do affect productivity. Copyright 1990 by University of Chicago Press
Affect (linguistics · Compensation (psychology · Econometrics · Economics · Empirical evidence · Frontier · Function (biology · Impossibility · Incentive · Industrial organization · Macroeconomics · Microeconomics · Production (economics · Production function · Production–possibility frontier · Productive efficiency · Productivity · Economic and Environmental Valuation · Efficiency Analysis Using DEA · Healthcare Policy and Management · Psychology · Social Psychology
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| Unique citing works | 21 |
|---|---|
| Citations per year | 0,62 |
| Citation span | 1992 - 2025 (34) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 20 |