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-ante leverage and insurance decisions are associated with aggregate demand externalities. The competitive equilibrium allocation is … constrained inefficient. Welfare can be improved by ex-ante macroprudential policies such as debt limits and mandatory insurance …
Persistent link: https://www.econbiz.de/10010500275
for statutory social health insurance is estimated in two ways: first, using a linear utility function; and second, using …
Persistent link: https://www.econbiz.de/10010315549
Regulation fostering Managed Care alternatives in health insurance is spreading. This work reports on an experiment … social health insurance. …-Care type restrictions in the provision of health care. It finds that restrictions on the freedom of physician choice would …
Persistent link: https://www.econbiz.de/10010315556
This paper re-examines inference for cluster samples. Sensitivity analysis is proposed as a new method to perform inference when the number of groups is small. Based on estimations using disaggregated data, the sensitivity of the standard errors with respect to the variance of the cluster...
Persistent link: https://www.econbiz.de/10010273962
Microeconometrics researchers have increasingly realized the essential need to account for any within-group dependence in estimating standard errors of regression parameter estimates. The typical preferred solution is to calculate cluster-robust or sandwich standard errors that permit quite...
Persistent link: https://www.econbiz.de/10010275875
This paper explores semi-monotonicity constraints in the distribution of potential outcomes, first, conditional on an instrument, and second, in terms of the response function. The imposed assumptions are strictly weaker than traditional instrumental variables assumptions and can be gainfully...
Persistent link: https://www.econbiz.de/10010315558
This article proposes a new class of rating scale models, which merges advantages and overcomes shortcomings of the traditional linear and ordered latent regression models. Both parametric and semi-parametric estimation is considered. The insights of an empirical application to satisfaction data...
Persistent link: https://www.econbiz.de/10010316906
Using unique Swedish micro data we examine the impact of local public services on community choice. The choice of community is modeled as a choice between a discrete set of alternatives. The US literature has produced conflicting evidence with respect to the importance of local public services....
Persistent link: https://www.econbiz.de/10010321798
fully exploiting the model assumptions and thereby improving efficiency of the resulting estimator. Empirical likelihood …
Persistent link: https://www.econbiz.de/10010315597
When a survey response mechanism depends on the variable of interest measured within the same survey and observed for only part of the sample, the situation is one of nonignorable nonresponse. Ignoring the nonresponse is likely to generate significant bias in the estimates. To solve this, one...
Persistent link: https://www.econbiz.de/10010321608