A Model of Health Plan Choice: Inferring Preferences and Perceptions from a Combination of Revealed Preference and Attitudinal Data.

Keane, M; Harris, K

A Model of Health Plan Choice: Inferring Preferences and Perceptions from a Combination of Revealed Preference and Attitudinal Data.

Keane, M Harris, K

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Publisher:: Elsevier Science
Publication Type:: Journal Article
Citation:: Journal of Econometrics, 1999, 89 pp. 131 - 157
Issue Date:: 1999-01

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Field	Value	Language
dc.contributor.author	Keane, M	en_US
dc.contributor.author	Harris, K	en_US
dc.date.issued	1999-01	en_US
dc.identifier.citation	Journal of Econometrics, 1999, 89 pp. 131 - 157	en_US
dc.identifier.issn	0304-4076	en_US
dc.identifier.uri	http://hdl.handle.net/10453/13900
dc.description.abstract	In this paper, we model the elderly's choice among health plans using data from a 1988 study of the MinneapolisSt. Paul Medicare health plan market. We show how attitudinal data can be combined with revealed preference data to provide more reliable estimates of consumers' preferences for and perceptions of the attributes of choice alternatives. We develop an extended heterogeneous logit model that incorporates information about attribute importance and allows for heterogeneity in tastes for observed and unobserved attributes. Our results indicate that the inclusion of attitudinal information produces a substantial improvement in model fit and in the substantive interpretation of estimated parameters.	en_US
dc.publisher	Elsevier Science	en_US
dc.relation.ispartof	Journal of Econometrics	en_US
dc.relation.isbasedon	10.1016/S0304-4076(98)00058-X	en_US
dc.subject.classification	Econometrics	en_US
dc.title	A Model of Health Plan Choice: Inferring Preferences and Perceptions from a Combination of Revealed Preference and Attitudinal Data.	en_US
dc.type	Journal Article
utslib.citation.volume	89	en_US
utslib.for	1403 Econometrics	en_US
utslib.for	0104 Statistics	en_US
utslib.for	1402 Applied Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.volume	89	en_US

Abstract:

In this paper, we model the elderly's choice among health plans using data from a 1988 study of the MinneapolisSt. Paul Medicare health plan market. We show how attitudinal data can be combined with revealed preference data to provide more reliable estimates of consumers' preferences for and perceptions of the attributes of choice alternatives. We develop an extended heterogeneous logit model that incorporates information about attribute importance and allows for heterogeneity in tastes for observed and unobserved attributes. Our results indicate that the inclusion of attitudinal information produces a substantial improvement in model fit and in the substantive interpretation of estimated parameters.

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http://hdl.handle.net/10453/13900