作者
Naihua Duan, Willard G Manning, Carl N Morris, Joseph P Newhouse
发表日期
1984/7/1
期刊
Journal of Business & Economic Statistics
卷号
2
期号
3
页码范围
283-289
出版商
Taylor & Francis Group
简介
Hay and Olsen (1984) incorrectly argue that a multi-part model, the two-part model used in Duan et al. (1982,1983), is nested within the sample-selection model. Their proof relies on an unmentioned restrictive assumption that cannot be satisfied. We provide a counterexample to show that the propensity to use medical care and the level of expense can be positively associated in the two-part model, contrary to their assertion. The conditional specification in the multi-part model is preferable to the unconditional specification in the selection model for modeling actual (v. potential) outcomes. The selection model also has poor statistical and numerical properties and relies on untestable assumptions. Empirically the multi-part estimators perform as well as or better than the sample selection estimator for the data set analyzed in Duan et al. (1982, 1983).
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学术搜索中的文章
N Duan, WG Manning, CN Morris, JP Newhouse - Journal of Business & Economic Statistics, 1984