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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


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


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


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


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


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


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


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


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


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