## Abstract This paper contributes in three dimensions to the literature on health care demand. First, it features the first application of a bivariate random effects estimator in a count data setting, to permit the efficient estimation of this type of model with panel data. Second, it provides an
Estimating the demand for health care with panel data: a semiparametric Bayesian approach
✍ Scribed by Markus Jochmann; Roberto León-González
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 242 KB
- Volume
- 13
- Category
- Article
- ISSN
- 1057-9230
- DOI
- 10.1002/hec.936
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✦ Synopsis
Abstract
This paper is concerned with the problem of estimating the demand for health care with panel data. A random effects model is specified within a semiparametric Bayesian approach using a Dirichlet process prior. This results in a very flexible distribution for both the random effects and the count variable. In particular, the model can be seen as a mixture distribution with a random number of components, and is therefore a natural extension of prevailing latent class models. A full Bayesian analysis using Markov chain Monte Carlo simulation methods is proposed. The methodology is illustrated with an application using data from Germany. Copyright © 2004 John Wiley & Sons, Ltd.
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