Heavy Lifting - thoughts and web finds by an economist
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Tuesday, March 06, 2007
The website of the American Society of Plastic Surgeons provides information about various procedures and purports to offer "Top 10 Questions To Ask Your Surgeon Before Going Under The Knife":
It seems these questions avoid one of the major problems with cosmetic surgery: the considerable principal-agent problem. It is entirely possible that the surgery does not generate the desired result. Unlike the case of a bad hair-cut, a bad plastic surgery might require a closer look at this moral hazard problem. To this end, I might add a few more:
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