Abstract
A common argument in the health policy debate is that market forces allocate resources efficiently in health care, and that government intervention distorts such allocation. Rarely do those making such claims state explicitly that the market they refer to is an ideal in economic theory which can only exist under very strict conditions. This paper explores the strict conditions necessary for that ideal market in the context of health care as a means of examining the claim that market forces do allocate resources efficiently in health care.
Publication Date
8-15-2011
First Page
328
Last Page
337
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Recommended Citation
Mwachofi, Ari and Al-Assaf, Assaf F.
(2011)
"Health Care Market Deviations from the Ideal Market,"
Sultan Qaboos University Medical Journal: Vol. 11: 328-337.
DOI: https://doi.org/10.18295/2075-0528.1290
