Search research articles

ABOUT JoVE

Overview Leadership Blog JoVE Help Center

AUTHORS

Publishing Process Editorial Board Scope & Policies Peer Review FAQ Submit

LIBRARIANS

Testimonials Subscriptions Access Resources Library Advisory Board FAQ

RESEARCH

JoVE Journal Methods Collections JoVE Encyclopedia of Experiments Archive

EDUCATION

JoVE Core JoVE Business JoVE Science Education JoVE Lab Manual Faculty Resource Center Faculty Site

Terms & Conditions of Use

Related Concept Videos

What is an Experiment?

What is an Experiment?

An experiment is a planned activity carried out under controlled conditions. The purpose of an experiment is to investigate the relationship between two variables. When one variable causes change in another, we call the first variable the explanatory or independent variable. The affected variable is called the response or dependent variable. In a randomized experiment, the researcher manipulates values of the explanatory variable and measures the resulting changes in the response variable. The...

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by

Same author

Celebrating 25 years of Developmental Cell.

Developmental cell·2026

Same author

High-Precision Performance of a Full-Ocean-Depth pH Sensor: Calibration and Assessment under Simulated Hadal Pressure Conditions.

ACS sensors·2026

Same author

Real-time in-situ H<sub>2</sub>O<sub>2</sub> quantification in high-biomass marine environments with a robust NiCo-MOF nanosheet electrode.

Analytica chimica acta·2026

Same author

Patient-derived organoids guide personalized therapy for KRAS-mutant pancreatic cancer: synergistic MEK/mTOR inhibition and predictive chemotherapy responses.

Frontiers in immunology·2026

Same author

Digital cognitive behavioural therapy for quality of life and psychological outcomes in chronic obstructive pulmonary disease: a protocol for a systematic review and meta-analysis.

BMJ open·2026

Same author

Increased Vascular Endothelial Growth Factor Receptor 2 Levels Are Associated With a Higher Occurrence of Coronary Artery Disease in Patients With Obstructive Sleep Apnea.

Reviews in cardiovascular medicine·2026

Search research articles

Related Experiment Video

Updated: Aug 5, 2025

Methods for Presenting Real-world Objects Under Controlled Laboratory Conditions

Methods for Presenting Real-world Objects Under Controlled Laboratory Conditions

Published on: June 21, 2019

How does market competition affect supplier-induced demand? An experimental study.

Yefeng Chen¹, Yiwen Pan¹, Yuli Ding^1,2

¹School of Economics, College of Economics and Interdisciplinary Center for Social Sciences, Zhejiang University, Hangzhou, China.

Frontiers in Public Health

|March 27, 2023

Summary

This summary is machine-generated.

Competition in medical markets can increase patient cure rates, but may also increase supplier-induced demand. This occurs because patients are less price-sensitive than economic models predict, leading to more consultations rather than solely honest treatment.

Keywords:

credence goods economic experiment market competition medical market supplier-induced demand

More Related Videos

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making

Published on: March 2, 2011

Applying an eMASS Customization Program as a Research Tool to Evaluate Consumer Benefits

Applying an eMASS Customization Program as a Research Tool to Evaluate Consumer Benefits

Published on: September 27, 2019

Related Experiment Videos

Last Updated: Aug 5, 2025

Methods for Presenting Real-world Objects Under Controlled Laboratory Conditions

Methods for Presenting Real-world Objects Under Controlled Laboratory Conditions

Published on: June 21, 2019

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making

Published on: March 2, 2011

Applying an eMASS Customization Program as a Research Tool to Evaluate Consumer Benefits

Applying an eMASS Customization Program as a Research Tool to Evaluate Consumer Benefits

Published on: September 27, 2019

Area of Science:

Health Economics
Behavioral Economics
Medical Market Analysis

Background:

Information asymmetry between physicians and patients is characteristic of credence goods markets.
Physician behavior in monopolistic versus competitive medical markets is a key area of study.

Purpose of the Study:

To theoretically and experimentally investigate the impact of market competition on supplier-induced demand in healthcare.
To compare the efficiency of monopolistic and competitive medical market equilibria.

Main Methods:

Theoretical modeling using the credence goods framework to predict physician behavior.
Behavioral experiments to empirically test theoretical hypotheses on physician and patient interactions.
Analysis of cure rates, supplier-induced demand, and market efficiency under different competition levels.

Main Results:

Theoretical analysis predicted that competition would lead to honest treatments, improving market efficiency.
Experimental results showed higher patient cure rates in competitive markets but also increased supplier-induced demand.
Competition improved market efficiency primarily through increased patient consultations due to lower prices, not solely through honest pricing as predicted.

Conclusions:

Market competition in healthcare can enhance patient outcomes but may exacerbate supplier-induced demand.
Deviations from theoretical predictions arise from non-rational, less price-sensitive patient behavior.
Policy implications suggest considering patient price sensitivity when designing healthcare market regulations.