Foreword / Mark V. Pauly  vii

Preface / Victor R. Fuchs  xiii

Kenneth Arrow and the Changing Economics of Health Care: "Why Arrow? Why Now?" / Peter J. Hammer, Deborah Haas-Wilson, Mark A. Peterson, and William M. Sage  xvii

Uncertainty and the Welfare Economics of Medical Care (American Economics Review, 1963) / Kenneth J. Arrow  1

Part 1: Supply, Demand, and Health Care Competition  

General Equilibrium and Marketability in the Health Care Industry / Michael Chernew  37

Arrow's Concept of the Health Care Consumer: A Forty-Year Retrospective / Frank A. Sloan  49

Uncertainty and Technological Change in Medicine / Annetine G. Gelijns, Joshua Graff Zivin, and Richard R. Nelson  60

Human Inputs: The Health Care Workforce and Medical Markets / Richard A. Cooper and Linda H. Aiken  71

Health Care as a (Big) Business: The Antitrust Response / Clark C. Havighurst  84

Part 2: Risk, Insurance, and Redistribution  

Health Insurance and Market Failure since Arrow / Sherry A. Glied  103

Can Efficiency in Health Care Be Left to the Market? / Uwe E. Reinhardt  111

Valuing Charity / Richard Kronick  134

Medical Service Risk and the Evolution of Provider Compensation Arrangements / Gloria J. Bazzoli  142

The Role of the Capital Markets in Restructuring Health Care / J. B. Silvers  156

Part 3: Information, Knowledge, and Medical Markets  

Arrow and the Information Market Failure in Health Care: The Changing Content and Sources of Health Care Information / Deborah Haas-Wilson  169

The End of Asymmetric Information / James C. Robinson  181

Managing Uncertainty: Intermediate Organizations as Triple Agents / Lawrence Casalino  189

Moral Hazard vs. Real Hazard: Quality of Care Post-Arrow / Michael L. Millenson  202

Part 4: Social Norms and Professionalism  

Arrow's Analysis of Social Institutions: Entering the Marketplace with Giving Hands? / Peter J. Hammer  215

The Market for Medical Ethics / M. Gregg Bloche  230

The Role of Nonprofits in Health Care / Jack Needleman  243

Arrow on Trust / Mark A. Hall  259

From Trust to Political Power: Interest Groups, Public Choice, and Health Care / Mark A. Peterson  272

Regulating Health Care: From Self-Regulation to Self-Regulation? / Peter D. Jacobson  290

The Lawyerization of Medicine / William M. Sage  302

Part 5: Response by Professor Arrow  

Reflections on Reflections / Kenneth J. Arrow  321

Contributors  327

Index  335

Mark V. Pauly

Victor R. Fuchs

Peter J. Hammer

Deborah Haas-Wilson

Michael Chernew

Frank Sloan

Annetine C. Gelijns

Joshua Graff Zivin

Richard R. Nelson

Richard A. Cooper

Linda A. Aiken

Clark C. Havighurst

Sherry A. Glied

Uwe E. Reinhardt

Richard Kronick

Gloria Bazzoli

J. B. Silvers

James C. Robinson

Lawrence Casalino

Michael L. Millenson

M. Gregg Bloche

Jack Needleman

Mark A. Hall

Mark A. Peterson

Peter D. Jacobson

William M. Sage

Kenneth J. Arrow

"This book is worthwhile because it is multifaceted. . . . A graduate student at the end of his or her first semester, a legislative aide with a decade of experience advising Congress, or an emeritus professor who still loves the subject, all will find themselves challenged to comprehend how we have come so far, and yet remained so distant, from understanding the economics of health care."—Thomas E. Getzen, Inquiry

"This book is worthwhile because it is multifaceted. . . . A graduate student at the end of his or her first semester, a legislative aide with a decade of experience advising Congress, or an emeritus professor who still loves the subject, all will find themselves challenged to comprehend how we have come so far, and yet remained so distant, from understanding the economics of health care."—Thomas E. Getzen, Inquiry

Permission to Photocopy (coursepacks)

If you are requesting permission to photocopy material for classroom use, please contact the Copyright Clearance Center at copyright.com;

If the Copyright Clearance Center cannot grant permission, you may request permission from our Copyrights & Permissions Manager (use Contact Information listed below).

Permission to Reprint

If you are requesting permission to reprint DUP material (journal or book selection) in another book or in any other format, contact our Copyrights & Permissions Manager (use Contact Information listed below).

Images/Art

Many images/art used in material copyrighted by Duke University Press are controlled, not by the Press, but by the owner of the image. Please check the credit line adjacent to the illustration, as well as the front and back matter of the book for a list of credits. You must obtain permission directly from the owner of the image. Occasionally, Duke University Press controls the rights to maps or other drawings. Please direct permission requests for these images to permissions@dukeupress.edu.
For book covers to accompany reviews, please contact the publicity department.

Subsidiary Rights/Foreign Translations

If you're interested in a Duke University Press book for subsidiary rights/translations, please contact permissions@dukeupress.edu. Include the book title/author, rights sought, and estimated print run.

Disability Requests

Instructions for requesting an electronic text on behalf of a student with disabilities are available here.

Rights & Permissions Contact Information

Email: permissions@dukeupress.edu

Email contact for coursepacks: asstpermissions@dukeupress.edu

Fax: 919-688-4574

Mail:
Duke University Press
Rights and Permissions
905 W. Main Street
Suite 18B
Durham, NC 27701

For all requests please include:

1. Author's name. If book has an editor that is different from the article author, include editor's name also.

2. Title of the journal article or book chapter and title of journal or title of book

3. Page numbers (if excerpting, provide specifics)

For coursepacks, please also note: The number of copies requested, the school and professor requesting

For reprints and subsidiary rights, please also note: Your volume title, publication date, publisher, print run, page count, rights sought