Uncertainty and the Welfare Economics of Medical Care.

Arrow, K. J. (1963). Uncertainty and the Welfare Economics of Medical Care. American Economic Review, 53(5), 941-973.

Type

Journal article

Intellectual base

Primary research

Year

1963

Link

no authoritative link yet

Cited from

economics_finance

Cited by

3 citations across 3 artifacts.

Primes

• Information Asymmetry
  • Under information asymmetry, the fact exists and is held — the applicant knows their own health history; the insurer does not.
• Moral Hazard
  • The formalization by Arrow (1963)
• Risk Pooling
  • A farmer who pools with an agricultural cooperative must accept the cooperative's average yield (good years and bad years average together); in isolation, the farmer experiences full volatility but full autonomy.

Verification

This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.

Registry ID ref:e0de79c182eb · see in the full table