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1 [i] (1978)

handle is hein.amenin/aeiacmn0001 and id is 1 raw text is: The Economics of Medical Malpractice, edited by Simon Rottenberg, contains the proceedings of a conference held in Washington, D.C., sponsored by the Center for Health Policy Research of the American Enterprise Institute for Public Policy Research. The delivery of health care always poses risks and can sometimes injure the patient. The conference papers discuss the various rules for assigning cost when such an injury occurs. These rules are shown to affect the allocation of resources to health care and to alternative activities, the exercise of caution in delivering medical care, and the distribution of income and wealth. The design of such rules is compli- cated by the imperfect information possessed by patients, by the authority of the health care providers, and by the patients carried by health care insurance, which pools health care costs among whole classes of users. A further complicating factor is the professional liability insurance that covers providers of medical care. Some of the conference papers discuss the functioning of the pro- fessional liability insurance market and its effects upon medical behavior. This discussion is especially relevant to the withdrawal of some com- mercial insurance companies from the medical malpractice insurance market, to the rise in professional liability insurance premium rates, and to the differences in premium rates among medical specialists and among different parts of the country. Simon Rottenberg is a professor of economics at the University of Massachusetts and is an Adjunct Scholar of the American Enterprise Institute. He has written extensively on a wide variety of applied economic topics, such as occupational licensing, the legal system, product liability, and the performance of baseball labor markets, and he is the editor of The Economics of Crime and Punishment (AEI, 1973). $5.75 American Enterprise Institute for Public Policy Research 1150 Seventeenth Street, N.W., Washington, D.C. 20036 r4l Mv >t1 A Conference Sponsored by the American Enterprise Institute for Public Policy Research THE ECONOMICS OF MEDICAL MALPRACTICE Edited by Simon Rottenberg Z ISBN 978-0-8447-2111-8 III I90 000 9780844 721118

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