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.
Quote by Kenneth Joseph Arrow
Kenneth Joseph Arrow Quotes
My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial...
My graduate study was interrupted, like that of many others, by World War II.
My undergraduate education, at the City College in New York, was made possible only by...
My assignment was exclusively in the research field, and my first published paper, On the...