Kenneth Joseph Arrow

In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved.
In 1963 and later papers, I pointed out that the special market characteristics of medical care and medical insurance could be explained by reference to differences in information among the parties involved.
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These are some quotes by American author Kenneth Joseph Arrow Economist, who was born on August 23, 1921.