Information technology and agency in physicians' prescribing decisions

A-Tier
Journal: RAND Journal of Economics
Year: 2014
Volume: 45
Issue: 2
Pages: 422-448

Authors (2)

Andrew J. Epstein (not in RePEc) Jonathan D. Ketcham (Arizona State University)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

type="main"> <p>Patients rely on physicians to act as their agents when prescribing medications, yet the efforts of pharmaceutical manufacturers and prescription drug insurers may alter this agency relationship. We evaluate how formularies, and the use of information technology (IT) that provides physicians with formulary information, influence prescribing. We combine data from a randomized experiment of physicians with secondary data to eliminate bias due to patient, physician, drug, and insurance characteristics. We find that when given formulary IT, physicians' prescribing decisions are influenced by formularies far more than by pharmaceutical firms' detailing and sampling. Without IT, however, formularies' effects are much smaller.

Technical Details

RePEc Handle
repec:bla:randje:v:45:y:2014:i:2:p:422-448
Journal Field
Industrial Organization
Author Count
2
Added to Database
2026-01-25