Timeline for Which parts of health care can be considered market failures?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 28, 2021 at 19:09 | comment | added | RegressForward | Maybe we should move to chat. If you have another model you want to propose about time-inconsistency, feel free to present, but I'm not familiar (offhand) with a model that does that in this context. | |
| Jun 28, 2021 at 18:56 | comment | added | user121330 | So your model does an ok job of describing things and therefore you can ignore anything else, even if it's real, because it tells a different story? Do economists place working models atop the hierarchy of truth as a rule? | |
| Jun 28, 2021 at 18:08 | comment | added | RegressForward | Sure, but it's not a necessary part of the model I'm presenting here- that would be a different story altogether. This model says that it is sufficient to only have a distribution of sickness levels in the population. | |
| Jun 28, 2021 at 17:33 | comment | added | user121330 | Wait, shouldn't we expect to get more sick towards the end? | |
| Jun 28, 2021 at 16:08 | comment | added | RegressForward | This story doesn't have depend on any sort of time-inconsistency. Even if people have perfectly consistent time-preferences this problem will still arise as long as there is a distribution of sick individuals in the population. You could probably tell another tale that depends on time-inconsistency. | |
| Jun 28, 2021 at 15:09 | comment | added | user121330 | Since everybody eventually dies and usually from a medical issue, this would be the time-inconsistent preferences market failure, is that right? | |
| Jan 15, 2021 at 16:24 | history | answered | RegressForward | CC BY-SA 4.0 |