Estimates of the demand for medical care under different functional forms
比较线性、对数线性和几乎理想需求模型下医疗服务的价格和收入弹性估计,发现弹性值因函数形式而异,提醒政策制定者谨慎使用单一弹性估计。
Abstract We estimate price and income elasticities from a linear, log‐linear, and the almost ideal demand model (with and without an adjustment for selectivity bias) in an effort to show that special attention should be paid to the underlying assumptions of consumer behaviour when estimating a medical care demand model. The literature on medical care utilization is extended by incorporating two major components of spending as separate demands in a system of medical care spending. We find that estimates of elasticities vary depending on the functional form of the estimating equation, thus questioning the usefulness for policy purposes of single estimates of elasticities.