UNCERTAINTY AND THE WELFARE ECONOMICS OF MEDICAL CARE

Abstract

Fits the actual medica-care market to the competitive model? Lack of risk transferarbility and lack of information prevent a optimal competitive market. Demand: Demand for medical services is not steady in origian as, for example, for food or clothing, but irregular and unpredictable. Product: A serivce based on trust that is no compareable. Product uncertainty: Treatment sucess if not predictable