The Residency Match: Competitive Restraints in an Imperfect World
Kristin M. Madison
Northeastern University - School of Law; Northeastern University - Bouvé College of Health Sciences
Houston Law Review, Vol. 42, p. 759, 2005
U of Penn, Inst. for Law & Econ Research Paper No. 05-23
In 2002 physicians filed a lawsuit alleging that "the match," the more than fifty-year-old system by which medical students and other applicants are assigned to medical residency programs, violates section 1 of the Sherman Act. Last year, without hearings on the issue, Congress found that the match was "highly efficient" and "pro-competitive" and granted a retroactive antitrust exemption for its operation. These seemingly incompatible views invite further analysis of the merits of the residency match from the perspective of public policy. This Article considers the arguments of match advocates and critics, evaluating both theoretical models and empirical evidence of the effects of the match on resident compensation. It rejects the assertion that matching mechanisms are necessarily inefficient, and instead describes factors that should be considered in an assessment of efficiency. The Article concludes that given the role of the residency match in remedying market imperfections, the congressional grant of an exemption was justified. It also suggests, however, that further action may be required to ensure that the matching process obtains the maximum possible social benefit.
Number of Pages in PDF File: 79
Keywords: antitrust, health law, medical education, match, matching, physicians, residencyAccepted Paper Series
Date posted: November 7, 2005
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.313 seconds