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.
Kenneth Joseph Arrow Quotes
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Today's Anniversary - 26th April
Births
- 1916 - Morris West
- 1890 - Thomas Vernor Smith
- 1889 - Vicente Aleixandre
- 1780 - Joseph Roux
- 1980 - Jordana Brewster
Deaths
- 1969 - Morihei Ueshiba
- 2003 - Peter Stone
- 2005 - Augusto Roa Bastos
- 2004 - Lee Loevinger
- 1989 - Lucille Ball
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