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Estimating the demand for health care with panel data: a semiparametric Bayesian approach Author info | Abstract | Publisher info | Download info | Related research | Statistics Markus Jochmann (Department of Economics, University of Konstanz, Germany)
Roberto León-González (Department of Economics, University of Sheffield, UK)
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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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Article provided by John Wiley & Sons, Ltd. in its journal Health Economics .
Volume (Year): 13 (2004)
Issue (Month): 10 ()
Pages: 1003-1014
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Handle: RePEc:wly:hlthec:v:13:y:2004:i:10:p:1003-1014Contact details of provider: Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/5749
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Deb, Partha & Trivedi, Pravin K., 2002.
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Chib, Siddhartha & Winkelmann, Rainer, 2001.
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Angel López-Nicolás, 1998.
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Andreas Million & Regina T. Riphahn & Achim Wambach, 2003.
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Deb, Partha & Trivedi, Pravin K, 1997.
"Demand for Medical Care by the Elderly: A Finite Mixture Approach ,"
Journal of Applied Econometrics ,
John Wiley & Sons, Ltd., vol. 12(3), pages 313-36, May-June.
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Thomas Brenner & Claudia Werker, 2007.
"A Taxonomy of Inference in Simulation Models ,"
Computational Economics ,
Springer, vol. 30(3), pages 227-244, October.
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Allison Davis & Klaus Moeltner, 2009.
"Valuing the Prevention of an Infestation: The Threat of the New Zealand Mud Snail in Northern Nevada ,"
Working Papers
09-001, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics.
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Martin Burda & Matthew Harding & Jerry Hausman, 2008.
"A Bayesian mixed logit-probit model for multinomial choice ,"
CeMMAP working papers
CWP23/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
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