| Author: | Anderson, G. |
| Title: | Regulatory barriers to entry in the healthcare industry: the case of alternative medicine |
| Journal: | Quarterly Review of Economics and Finance
2000 : WINTER, VOL. 40:4, p. 485-502 |
| Index terms: | ALTERNATIVE MEDICINE COMPETITION CONSUMERS |
| Language: | eng |
| Abstract: | To the extent that alternative medicine offers a substitute for mainstream physician services, physicians' incomes are reduced by the incursion of alternative providers into the medical market-place. State regulations restricting the practice of alternative medicine create rents for physicians whose incomes are protected from competition with alternative providers. Focusing on homeopathy as representative of an alternative therapeutic that potentially substitutes for conventional medicine, a cross-state empirical analysis reveals that mainstream physicians' incomes are higher in states with more restrictive regulations governing the practice of homeopathy. |
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