Showing 1 - 10 of 209
This paper aims at formulating econometric tools for investigating stochastic rationality, using the Random Utility Models (RUM) to deal with unobserved heterogeneity nonparametrically. Theoretical implications of the RUM have been studied in the literature, and in particular this paper utilizes...
Persistent link: https://www.econbiz.de/10010329288
In this paper, we tested the hypothesis that policy makers' choices concerning health spent at the local level are spatially correlated and electorally oriented. We check the influence of a set of demographic, electoral and economic determinants of public health activity. We performed a spatial...
Persistent link: https://www.econbiz.de/10011790096
This paper seeks to understand the impact of the Medicare Rural Hospital Flexi- bility (Flex) Program on rural resident hospital choice and welfare. The Flex program created a new class of hospital, the Critical Access Hospital (CAH), which receives more generous reimbursement in return for...
Persistent link: https://www.econbiz.de/10010329437
To equalize differences in health plan premiums due to differences in risk pools, German legislature introduced a simple Risk Adjustment Scheme (RAS) based on age, gender and disability status in 1994. In addition, effective 1996, consumers gained the freedom to choose among hundreds of existing...
Persistent link: https://www.econbiz.de/10011712634
Identification schemes are of essential importance in structural analysis. This paper focuses on testing a commonly used long-run structural parameter identification scheme claiming to identify fundamental and non-fundamental shocks to stock prices. Five related widely used structural models on...
Persistent link: https://www.econbiz.de/10011527708
Persistent link: https://www.econbiz.de/10013359298
In its decarbonization efforts, the European Union aims to decrease energy consumption through technological advances. One of the most prominent advances is the increased extension and utilization of digital information and communication technologies. However, there is little understanding of...
Persistent link: https://www.econbiz.de/10013359337
This paper examines the impact of education and labour market challenges on the income inequality in European Union (27 Member States) within the period 2012-2022, this being calculated using the Panel EGLS method. Even if the effects are clearly visible from a theoretical point of view, in the...
Persistent link: https://www.econbiz.de/10014514479
Heterogenous agents models have proven to be capable of explaining price dynamics on speculative markets. In general, this is achieved by allowing time series properties to be state dependent. This paper investigates whether market participants' expectations already reflect these time varying...
Persistent link: https://www.econbiz.de/10010310110
Married individuals are usually found to be in better health than singles but it is not fully known why. Using data from the German Socio-Economic Panel we test one possible explanation, namely that two spouses encourage each other to a health-promoting behavior and monitor it. Therefore, we...
Persistent link: https://www.econbiz.de/10010270174