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In this paper we provide a Random-Utility based derivation of the Dirichlet-Multinomial regression and posit it as a convenient alternative for dealing with overdispersed multinomial data. We show that this model is a natural extension of McFadden's conditional logit for grouped data and show...
Persistent link: https://www.econbiz.de/10005119073
El estudio de las preferencias es uno de los temas menos tratados por la econometría aplicada. En el presente artículo se pretende realizar una aproximación translogarítimica de las preferencias por medio de la construcción de un Índice de Satisfacción de los Hogares (ISH) con base al...
Persistent link: https://www.econbiz.de/10005076523
Good health is a crucial part of well-being but spending on health can be justified on economic grounds. The goal of … reducing poverty provides a different but equally powerful case for health investments. However, if policymakers are to … accelerate the substantial health gains of recent decades, especially for the poor in African countries such as Nigeria, the …
Persistent link: https://www.econbiz.de/10005556956
GOOD HEALTH IS A CRUCIAL PART OF WELL-BEING BUT SPENDING ON HEALTH CAN BE JUSTIFIED ON ECONOMIC GROUNDS. THE GOAL OF … REDUCING POVERTY PROVIDES A DIFFERENT BUT EQUALLY POWERFUL CASE FOR HEALTH INVESTMENTS. HOWEVER, IF POLICYMAKERS ARE TO … ACCELERATE THE SUBSTANTIAL HEALTH GAINS OF RECENT DECADES, ESPECIALLY FOR THE POOR IN AFRICAN COUNTRIES SUCH AS NIGERIA, THE …
Persistent link: https://www.econbiz.de/10005408428
Although a number of studies have been conducted on health production functions, little attention has been given to … pharmaceuticals as a separate input into the production of health. Building upon existing published work, this paper uses an … alternative specification and more recent data to estimate the effect of pharmaceutical expenditures on levels of health in the …
Persistent link: https://www.econbiz.de/10005413009
The discussion about health care systems focuses on the dynamics of expenditures and on the weak growth of revenues. In …. Second, a double moral hazard model is developed. Here, the patient’s actions influence health outcome and cannot be … monitored by the physician. It is shown that the choice of insurance and payment contracts depends on the characteristics of …
Persistent link: https://www.econbiz.de/10005413013
nature of the changes in the structure of the health care industry. We will focus on the markets for health insurance …The health care industry is being transformed. Large firms are merging and acquiring other firms. Alliances and … implications of these changes for the nature and consequences of competition in health care markets. In this paper we summarize the …
Persistent link: https://www.econbiz.de/10005413015
The incentive contracts that managed care organizations write with physicians have generated considerable controversy. Critics fear that if informational asymmetries inhibit patients from directly assessing the quality of care provided by their physician, competition will lead to a "race to the...
Persistent link: https://www.econbiz.de/10005413291
This paper examines how demand for prescription drugs is influenced by different types of insurance. In order to …
Persistent link: https://www.econbiz.de/10005561530
The importance of the physician-patient relationship for the health care market is beyond controversy. Most theoretical … the hypotheses that physician consultation and health-relevant behavior are not stochastically independent. This means … that health care demand is determined by the patient and not only by the physician. In the recursive bivariate probit model …
Persistent link: https://www.econbiz.de/10005561539