Publikation:

An Econometric Model of the Two-Part Decision Process in the Demand for Health

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1995

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Ulrich, Volker

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Erschienen in

Journal of Human Resources. 1995, 30(2), pp. 339-361

Zusammenfassung

The decision to contact a physician and the decision about how often to contact a physician are determined by different decisionmakers. We introduce a negative binomial distributed hurdle model that specifies the two stages of the decisionmaking process as different stochastic processes, while at the same time taking care of the discrete nature of the data. Empirical results are based on a cross-section of the Western German Socioeconomic Panel. Specification tests reveal that the two stages of the process need to be treated as two distinct processes. This, in turn, implies that ignoring this distinction leads to serious misinterpretation.

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330 Wirtschaft

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ISO 690POHLMEIER, Winfried, Volker ULRICH, 1995. An Econometric Model of the Two-Part Decision Process in the Demand for Health. In: Journal of Human Resources. 1995, 30(2), pp. 339-361
BibTex
@article{Pohlmeier1995Econo-12847,
  year={1995},
  title={An Econometric Model of the Two-Part Decision Process in the Demand for Health},
  number={2},
  volume={30},
  journal={Journal of Human Resources},
  pages={339--361},
  author={Pohlmeier, Winfried and Ulrich, Volker}
}
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