100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare mar CA$5.60   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Applied Health Economics - ECS3710 (ECS3710)

Essay

ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare mar
 20 views  1 purchase
  • Course
  • Applied Health Economics - ECS3710 (ECS3710)
  • Institution
  • University Of South Africa (Unisa)
  • Book
  • Applied Health Economics

ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare market. Using the kinked demand curve, demo...

[Show more]

Preview 3 out of 25  pages

Document information

  • September 9, 2024
  • 25
  • 2024/2025
  • Essay
  • Unknown
  • A+

Subjects

  • ecs3710 assignment 2 semester 2 2024

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • ECONOMICS Q&A for commercr class 11, class 12 school, collages and ssc cgl, upsc exam, banking exam students.
All for this textbook (2)

Written for

  • University of South Africa (Unisa)
  • Applied Health Economics - ECS3710 (ECS3710)
All documents for this subject (4)

Seller

avatar-seller
BMZAcademy

Reviews received

Content preview

BMZ ACADEMY




BMZ ACADEMY




@061 262 1185/068 053 8213



BMZ ACADEMY 061 262 1185/068 053 8213

, BMZ ACADEMY


Table of Contents

Question 1: Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced
demand in South Africa. (10)................................................................................................. 6

Supplier-Induced Demand (SID) in South Africa ................................................................... 6

Main Issues Related to SID in South Africa ........................................................................... 6

Overtreatment and Overutilization of Services .................................................................. 6

Increased Healthcare Costs .............................................................................................. 6

Lack of Regulation and Monitoring .................................................................................... 7

Imperfect agency............................................................................................................... 7

Asymmetric Information..................................................................................................... 7

Medical Aid Schemes and SID .......................................................................................... 8

Impact on Health Outcomes .............................................................................................. 8

Question 2: You are the manager of a private hospital that is part of an oligopoly in a local
healthcare market. Using the kinked demand curve, demonstrate how you might respond to a
competitor’s decision to lower prices. What strategies would you use to maintain your market
share? (10) ........................................................................................................................... 9

Using the Kinked Demand Curve in an Oligopolistic Healthcare Market ................................ 9

Kinked Demand Curve ...................................................................................................... 9

Upper Segment of the Curve (Elastic Demand) ............................................................... 10

Lower Segment of the Curve (Inelastic Demand) ............................................................ 10

Responding to a Competitor’s Price Reduction ................................................................... 11

Avoid Price Matching ...................................................................................................... 11




BMZ ACADEMY 061 262 1185/068 053 8213

, BMZ ACADEMY

Enhance Non-Price Competition ..................................................................................... 11

Targeted Marketing and Branding ....................................................................................... 11

Patient Segmentation ...................................................................................................... 11

Branding as a Premium Service ...................................................................................... 11

Introduce Value-Added Services ..................................................................................... 12

Patient Convenience ....................................................................................................... 12

Improve Operational Efficiency........................................................................................ 12

Collaborate with Insurers................................................................................................. 12

Question 3: Imagine yourself as a hospital administrator faced with choosing to outsource the
hospital's cleaning services to an external company or continue using in-house staff. Apply
transaction cost economics to help you decide. (20) ........................................................... 12

Transaction Cost Economics Overview ........................................................................... 13

Bounded Rationality ........................................................................................................ 13

Opportunism ................................................................................................................... 14

Asset specificity............................................................................................................... 14

Application of TCE to the Decision ...................................................................................... 15

Production and Direct Costs................................................................................................ 15

Outsourcing..................................................................................................................... 15

Cost Reduction ............................................................................................................... 15

In-house .......................................................................................................................... 16

Labor management ......................................................................................................... 16

Flexibility ......................................................................................................................... 16



BMZ ACADEMY 061 262 1185/068 053 8213

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller BMZAcademy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$5.60. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$5.60  1x  sold
  • (0)
  Add to cart