Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care
نویسندگان
چکیده
منابع مشابه
Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care.
Efforts to control medical care costs depend critically on how individuals respond to prices. I estimate the price elasticity of expenditure on medical care using a censored quantile instrumental variable (CQIV) estimator. CQIV allows estimates to vary across the conditional expenditure distribution, relaxes traditional censored model assumptions, and addresses endogeneity with an instrumental ...
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15 صفحه اولInstrumental Variable Quantile Regression * †
Quantile regression is an increasingly important tool that estimates the conditional quantiles of a response Y given a vector of regressors D. It usefully generalizes Laplace’s median regression and can be used to measure the effect of covariates not only in the center of a distribution, but also in the upper and lower tails. For the linear quantile model defined by Y = D′γ(U) where D′γ(U) is s...
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ژورنال
عنوان ژورنال: Journal of Business & Economic Statistics
سال: 2016
ISSN: 0735-0015,1537-2707
DOI: 10.1080/07350015.2015.1004072