This paper examines the determinants of hospital stay intensity, the decision to seek hospital care as a public or private patient and the decision to purchase private hospital insurance. We describe a theoretical model to motivate the simultaneous nature of these decisions. For the empirical...

This article describes an empirical study of the rise and fall of star athletes, using data from the National Basketball Association (NBA) from 1987 to 2008. We measure star status by the number and share of all-star votes, and apply both Tobit regression and hazard models to investigate the...

This study uses the Continuous Medicare History Sample (CMHS), a longitudinal sample of Medicare beneficiaries from 1974 to 1997, to identify persistence in Medicare reimbursements. Consistent estimates of Medicare reimbursement persistence are obtained using a dynamic panel Tobit model. Lagged...