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Moral Hazard in Health Insurance

Amy Finkelstein

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
book
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.001.0001
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow's seminal 1963 ... More


A Simple Exposition of Learning by Doing in Endogenous Growth Theory

Dipankar Dasgupta

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0007
Subject:
Economics and Finance, Microeconomics

This chapter presents a unified framework for understanding the implication of ‘learning by doing’ in endogenous growth models. It considers three different ways in which the concept of ‘learning by ... More


Discussion

Amy Finkelstein, Kenneth J. Arrow, Jonathan Gruber, Joseph P. Newhouse, and Joseph E. Stiglitz

in Moral Hazard in Health Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.003.0006
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

This chapter presents the discussion between the audience members and the lecturer Amy Finkelstein, and commentators Kenneth J. Arrow and Joseph E. Stiglitz. The audience members initially raised a ... More


Engaging with Impossibilities and Possibilities †

Elinor Ostrom

in Arguments for a Better World: Essays in Honor of Amartya Sen, Volume 2: Society, Institutions, and Development

Published in print:
2008
Published Online:
May 2009
ISBN:
9780199239979
eISBN:
9780191716874
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199239979.003.0029
Subject:
Economics and Finance, Development, Growth, and Environmental

Upon thinking deeply about Kenneth Arrow's ‘Impossibility Theorem’, Amartya Sen advises scholars not to despair, but to engage seriously the impossibility result so that we understand it better and ... More


Pluralism, Incompletely Theorized Agreements, and Public Policy

Jennifer Prah Ruger

in Health and Social Justice

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199559978
eISBN:
9780191721489
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199559978.003.0004
Subject:
Economics and Finance, Public and Welfare

This chapter draws on social choice theory and proposes incompletely theorized agreements (ITAs) as an approach to collective decision‐making in public policy and human rights. The chapter presents ... More


Creating a Learning Society: A New Approach to Growth, Development, and Social Progress

Joseph Stiglitz and Bruce Greenwald

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231152143
eISBN:
9780231525541
Item type:
book
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231152143.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This book assesses how learning helps countries grow, develop, and become more productive. It looks at what government can do to promote learning and casts light on the significance of learning for ... More


Introduction

Joseph P. Newhouse

in Moral Hazard in Health Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.003.0001
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

The introduction analyzes the highly influential article “Uncertainty and the Welfare Economics of Medical Care,” by economist Kenneth J. Arrow. According to Arrow, there have been growing clinical ... More


Introductory Remarks for the First Annual Arrow Lecture

Michael Woodford

in Creating a Learning Society: A New Approach to Growth, Development, and Social Progress

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231152143
eISBN:
9780231525541
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231152143.003.0018
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter presents introductory remarks from Michael Woodford, John Bates Clark Professor of Political Economy, before the first Arrow Lecture at Columbia University. Woodford begins by citing ... More


Commentary

Kenneth J. Arrow

in Creating a Learning Society: A New Approach to Growth, Development, and Social Progress

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231152143
eISBN:
9780231525541
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231152143.003.0022
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter presents a commentary by Kenneth J. Arrow, Professor Emeritus at Stanford University. He focuses on the issue of learning and knowledge emphasized by the Stiglitz-Greenwald paper. He ... More


Vagueness and Similarity

TIMOTHY A. O. ENDICOTT

in Vagueness in Law

Published in print:
2000
Published Online:
January 2010
ISBN:
9780198268406
eISBN:
9780191714795
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198268406.003.0007
Subject:
Law, Law of Obligations, Philosophy of Law

This chapter compares the similarity model with the boundary model, arguing that no social choice can determine sharp boundaries, but also rejects the notion that the location of boundaries is ... More


The Politics of Rational Choice

John McCumber

in The Philosophy Scare: The Politics of Reason in the Early Cold War

Published in print:
2016
Published Online:
May 2017
ISBN:
9780226396385
eISBN:
9780226396415
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226396415.003.0004
Subject:
Philosophy, History of Philosophy

This chapter traces the rise of rational choice theory and discusses some of its philosophical implications. First formulated by Kenneth Arrow in 1951 as a theory of market and voting behavior, ... More


Introduction

Joseph E. Stiglitz and Bruce C. Greenwald

in Creating a Learning Society: A New Approach to Growth, Development, and Social Progress

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231152143
eISBN:
9780231525541
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231152143.003.0024
Subject:
Economics and Finance, Development, Growth, and Environmental

This volume is the result of the first in a series of lectures to honor Kenneth J. Arrow, one of Columbia University's most outstanding graduates, who received his Ph.D. from Columbia in 1951. This ... More


Moral Hazard in Health Insurance: Developments Since Arrow (1963)

Amy Finkelstein

in Moral Hazard in Health Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.003.0002
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

This chapter examines economics professor Amy Finkelstein's lecture of the economics of moral hazard in health insurance, with respect to economist Kenneth J. Arrow's “Uncertainty and the Welfare ... More


Arrow (1963): Uncertainty and the Welfare Economics of Medical Care

Kenneth J. Arrow

in Moral Hazard in Health Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.003.0007
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

This chapter provides the framework of Kenneth J. Arrow's seminal article “Uncertainty and the Welfare Economics of Medical Care,” which consists of four parts. The first part focuses on the scope ... More


Reason over Time

Jed Rubenfeld

in Freedom and Time: A Theory of Constitutional Self-Government

Published in print:
2001
Published Online:
October 2013
ISBN:
9780300080483
eISBN:
9780300129427
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300080483.003.0006
Subject:
Philosophy, Political Philosophy

According to Kenneth Arrow's Impossibility Theorem, there is no consistent method of making a fair choice among three or more candidates using a preferential voting method. Based on an understanding ... More


Commentary

Kenneth J. Arrow

in Moral Hazard in Health Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.003.0004
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

This chapter provides a brief analysis of economist Kenneth J. Arrow's notions concerning economics professor Amy Finkelstein's lecture on hospitalization insurance. It begins by discussing the ... More


Commentary

Joseph E. Stiglitz

in Moral Hazard in Health Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.003.0005
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

This chapter is economist Joseph E. Stiglitz's reply to fellow economist Amy Finkelstein's lecture as well as to the eminent Kenneth J. Arrows notions of hospitalization insurance. Stiglitz begins by ... More


Kenneth J. Arrow

Roger W. Spencer and David A. Macpherson

in Lives of the Laureates: Twenty-three Nobel Economists

Published in print:
2014
Published Online:
May 2015
ISBN:
9780262027960
eISBN:
9780262325868
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027960.003.0002
Subject:
Economics and Finance, Economic History

This chapter describes the life and work of Kenneth J. Arrow who was awarded the Nobel Prize in 1972. Arrow was born in 1921, attended City College, and received his Ph.D. from Columbia University. ... More


Heterogeneity in Patent Theory: Why We Can't Agree Why We Patent

in The Patent Crisis and How the Courts Can Solve It

Published in print:
2009
Published Online:
March 2013
ISBN:
9780226080611
eISBN:
9780226080635
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226080635.003.0006
Subject:
Law, Intellectual Property, IT, and Media Law

This chapter describes the major theories of patent law. Edmund Kitch's prospect theory strongly emphasizes the role of a single patentee in coordinating the development, implementation, and ... More


Equilibrium attainment vs. equilibrium necessities

Lawrence A. Boland

in Equilibrium Models in Economics: Purposes and Critical Limitations

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190274320
eISBN:
9780190274368
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190274320.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter is about Kenneth Arrow’s 1959 article about price adjustment. This chapter uses that article to explain the logical requirements of any equilibrium model that purports to explain, say, ... More


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