Information Shocks and Provider Responsiveness: Evidence from Interventional Cardiology

58 Pages Posted: 1 Apr 2019 Last revised: 20 May 2019

See all articles by Daniel Avdic

Daniel Avdic

Uppsala University

Carol Propper

Imperial College London Business School; Centre for Economic Policy Research (CEPR); University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO)

Stephanie von Hinke

Johan Vikström

Uppsala University; IFAU - Institute for Labour Market Policy Evaluation

Date Written: March 2019

Abstract

We examine physician responses to global information shocks and the impact on patient outcomes. We exploit an international "firestorm" over the safety of an innovation in healthcare, drug-eluting stents. We use rich micro-data on interventional cardiologists' use of stents to de- fine and measure responsiveness to news shocks. We find substantial heterogeneity in responsiveness to both good and bad news and an association between speed of response to news and patient outcomes. Patients treated by cardiologists who respond slowly to news shocks have fewer adverse outcomes. These results cannot be attributed to financial incentives, patient-physician sorting or heterogeneity in skill.

Keywords: Practice style, Quality of care, response to news

JEL Classification: H51, I11, I18, J24, O33

Suggested Citation

Avdic, Daniel and Propper, Carol and von Hinke, Stephanie and Vikström, Johan, Information Shocks and Provider Responsiveness: Evidence from Interventional Cardiology (March 2019). CEPR Discussion Paper No. DP13627. Available at SSRN: https://ssrn.com/abstract=3363540

Daniel Avdic (Contact Author)

Uppsala University ( email )

No Address Available

Carol Propper

Imperial College London Business School ( email )

South Kensington Campus
Exhibition Road
London SW7 2AZ, SW7 2AZ
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

University of Bristol - Leverhulme Centre for Market and Public Organisation (CMPO) ( email )

12 Priory Road
Bristol BS8 1TN
United Kingdom

HOME PAGE: http://www.bris.ac.uk/Depts/Economics/department/profiles/propper.htm

Johan Vikström

Uppsala University ( email )

Box 513
Uppsala, 751 20
Sweden

IFAU - Institute for Labour Market Policy Evaluation

Box 513
751 20 Uppsala
Sweden

No contact information is available for Stephanie Von Hinke

Register to save articles to
your library

Register

Paper statistics

Downloads
0
Abstract Views
63
PlumX Metrics