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 - 28th April
Births
- 1948 - Terry Prachett
- 1924 - Kenneth Kaunda
- 1798 - Duncan Forbes
- 1928 - Yves Klein
- 1953 - Roberto Bolano
Deaths
- 1954 - Leon Jouhaux
- 1991 - Ken Curtis
- 1923 - Knute Nelson
- 1853 - Ludwig Tieck
- 1978 - Mohammed Daud Khan
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