On using sample selection methods in estimating the price elasticity of firms' demand for insurance

M. Susan Marquis, Thomas A. Louis

Research output: Contribution to journalArticle

Abstract

We evaluate a technique based on sample selection models that has been used by health economists to estimate the price elasticity of firms' demand for insurance. We demonstrate that, this technique produces inflated estimates of the price elasticity. We show that alternative methods lead to valid estimates.

Original languageEnglish (US)
Pages (from-to)137-145
Number of pages9
JournalJournal of health economics
Volume21
Issue number1
DOIs
StatePublished - Feb 5 2002
Externally publishedYes

Keywords

  • Insurance demand
  • Sample selection

ASJC Scopus subject areas

  • Health Policy
  • Public Health, Environmental and Occupational Health

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