Deb, Partha; Trivedi, Pravin K.; Zimmer, David M. - In: Health Economics 23 (2014) 10, pp. 1242-1259
SUMMARY In this paper, we estimate a copula‐based bivariate dynamic hurdle model of prescription drug and nondrug expenditures to test the cost‐offset hypothesis, which posits that increased expenditures on prescription drugs are offset by reductions in other nondrug expenditures. We apply...