Showing 1 - 10 of 17
This paper describes and implements three computationally attractive procedures for nonparametric estimation of mixing distributions in discrete choice models. The procedures are specic types of the well known EM (Expectation-Maximization) algorithm based on three dierent ways of approximating...
Persistent link: https://www.econbiz.de/10010289558
SP-off-RP questions are a recent innovation in choice modelling that solicits information from respondents in a different way than standard stated-preference (SP) experiments. In particular, the alternatives and choice of a respondent in a real-world setting are observed, and the respondent is...
Persistent link: https://www.econbiz.de/10010289559
This paper considers parametric estimation problems with independent, identically,non-regularly distributed data. It focuses on rate-effciency, in the sense of maximal possible convergence rates of stochastically bounded estimators, as an optimality criterion,largely unexplored in parametric...
Persistent link: https://www.econbiz.de/10010318471
This paper considers parametric estimation problems with i.i.d. data. It focusses on rate-effciency, in the sense of maximal possible convergence rates of stochastically bounded estimators, as an optimality criterion, largely unexplored in parametric estimation. Under mild conditions, the...
Persistent link: https://www.econbiz.de/10010318503
The new Medicare Part D program provides prescription drug coverage for older Americans through highly subsidized and tightly regulated plans offered by private insurance firms. For most eligible individuals without coverage from other sources, obtaining Part D coverage would be rational, but it...
Persistent link: https://www.econbiz.de/10010333839
We study the Medicare Part D prescription drug insurance program as a bellwether for designs of private, non-mandatory health insurance markets, focusing on the ability of consumers to evaluate and optimize their choices of plans. Our analysis of administrative data on medical claims in Medicare...
Persistent link: https://www.econbiz.de/10010334159
We study the consequences of imposing a minimum coverage in an insurance market where enrollment is mandatory and agents have private information on their true risk type. If the regulation is not too stringent, the equilibrium is separating in which a single insurer monopolizes the high risks...
Persistent link: https://www.econbiz.de/10011650304
In health care systems today, including those of Switzerland and the United States, participants do not necessarily see the big picture of lifetime health costs and quality of life, and in many systems consumers and providers lack the incentives to manage preventative and chronic care to...
Persistent link: https://www.econbiz.de/10011933172
A statistical problem that arises in several fields is that of estimating the features of an unknown distribution, which may be conditioned on covariates, using a sample of binomial observations on whether draws from this distribution exceed threshold levels set by experimental design. One...
Persistent link: https://www.econbiz.de/10011941231
Consumers' health plan choices are highly persistent even though optimal plans change over time. This paper separates two sources of inertia, inattention to plan choice and switching costs. We develop a panel data model with separate attention and choice stages, linked by heterogeneity in...
Persistent link: https://www.econbiz.de/10012290352