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7 de mar. de 2017 · Nobel laureate Kenneth Arrow passed away on February 21, 2017. In a classic, fifty-year-old paper entitled Uncertainty and the Welfare Economics of Medical Care , Arrow discussed how: “the operation of the medical-care industry and the efficacy with which it satisfies the needs of society differs from… a competitive model…
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 and method of the operation of the medical care industry and the efficacy with which it satisfies the needs of society.
8 de mar. de 2017 · What was Arrow’s impact on health economics? Tremendous. Research on asymmetrical information, health care insurance, and its two best known problems, moral hazard and adverse selection, is...
Epub 2004 Mar 16. Author. Kenneth J Arrow. PMID: 15042238. PMCID: PMC2585909. No abstract available. Publication types. Biography. Classical Article. Historical Article. MeSH terms. Economic Competition* Economics, Medical / history* Health Care Sector. Health Services Needs and Demand / economics. Health Services Research / history*
- Kenneth J. Arrow
- 2004
Kenneth Arrow’s 1963 article, “Uncertainty and the Welfare Economics of Medical Care,” has become a seminal essay in the field of health economics. Its fundamental contribution is a detailed and thoughtful comparison of the deviations between the workings of markets for medical care and the competitive ideal.
ECONOMIC REVIEW. VOLUME LIII. DECEMBER. 1963. NUMBER 5. UNCERTAINTY ECONOMICS. AND THE WELFARE OF MEDICAL CARE. By KENNETH J. ARROW* I. Introduction:Scope and Method This paper is an exploratoryand tentativestudy of the specific differentia of medical care as the object of normativeeconomics.
Kenneth Arrow’s paper ‘Uncertainty and the Welfare Economics of Medical Care’ (1963) is the premier theoretical treatment of health economics. Although written a quarter century ago, it is unsurpassed in clarity of analysis, breadth of coverage, and incisive exposure of the core problems.