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 language | English (US) |
|---|---|
| Pages (from-to) | 137-145 |
| Number of pages | 9 |
| Journal | Journal of health economics |
| Volume | 21 |
| Issue number | 1 |
| DOIs | |
| State | Published - 2002 |
| Externally published | Yes |
Keywords
- Insurance demand
- Sample selection
ASJC Scopus subject areas
- Health Policy
- Public Health, Environmental and Occupational Health