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The maximum likelihood estimator for the regression coefficients, β, in a panel binary response model with fixed effects can be severely biased if N is large and T is small, a consequence of the incidental parameters problem. This has led to the development of conditional maximum likelihood...
Persistent link: https://www.econbiz.de/10011787032
The maximum likelihood estimator for the regression coefficients, β, in a panel binary response model with fixed effects can be severely biased if N is large and T is small, a consequence of the incidental parameters problem. This has led to the development of conditional maximum likelihood...
Persistent link: https://www.econbiz.de/10011764680
In 2004, the German Social Health Insurance introduced a co-payment for the first doctor visit in a calendar quarter. I combine a structural model of health care demand and a difference-in-differences strategy to estimate the effect of that reform on the number of visits. In the model, the...
Persistent link: https://www.econbiz.de/10011301623
Often, economic policies are directed toward outcomes that are measured as counts. Examples of economic variables that use a basic counting scale are number of children as an indicator of fertility, number of doctor visits as an indicator of health care demand, and number of days absent from...
Persistent link: https://www.econbiz.de/10011404977
From 2004 to 2012, the German social health insurance levied a co-payment for the first doctor visit in a calendar quarter. We develop a new model for estimating the effect of such a co-payment on the individual number of visits per quarter. The model allows for a one time increase in the...
Persistent link: https://www.econbiz.de/10011420560
A Dynamic Hurdle Model for Zero-Inflated Count Data: With an Application to Health Care UtilizationExcess zeros are encountered in many empirical count data applications. We provide a new explanation of extra zeros, related to the underlying stochastic process that generates events. The process...
Persistent link: https://www.econbiz.de/10010352035
We propose a new non-linear regression model for rating dependent variables. The rating scale model accounts for the upper and lower bounds of ratings. Parametric and semi-parametric estimation is discussed. An application investigates the relationship between stated health satisfaction and...
Persistent link: https://www.econbiz.de/10011933349
interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that …
Persistent link: https://www.econbiz.de/10010261784
most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal …
Persistent link: https://www.econbiz.de/10010261922
Much progress has been made in recent years on developing and applying a direct measure of utility using survey questions on subjective well-being. In this paper we explore whether this new type of measurement can be fruitfully applied to the study of interdependent utility in general, and...
Persistent link: https://www.econbiz.de/10010262205