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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


Medical Provision, Diagnosis, and Prescription

Geoffrey Tweedale

in Magic Mineral to Killer Dust: Turner & Newall and the Asbestos Hazard

Published in print:
2001
Published Online:
October 2011
ISBN:
9780199243990
eISBN:
9780191697326
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199243990.003.0003
Subject:
Business and Management, Business History

For most workers who joined or were employed in the asbestos industry, there was no indication that they were working with a hazardous material. However, for the minority employed in the ‘scheduled ... 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


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


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