Statistical models can characterize relationships among aspects of economic behavior, and comprehensive econometric models are often used to guide public policy decisions. Several RAND researchers are skilled in the use of econometric models and use them to help explain how economic and political decisions may affect, for instance, military purchasing, agricultural production, and vehicle ownership patterns.
Research Brief
PortMan, RAND's new portfolio analysis and management methodology, provides a means for decisionmakers to find the optimal portfolio of projects, maximizing the probability of filling a desired set of requirements while restraining costs.
News Release
A new method for estimating the costs of counterfeiting was published today by RAND Europe. The approach uses market data to estimate the effects of intellectual property rights infringements, such as counterfeit products, on sales of legitimate goods.
Report
Globalization, integrated markets, and the Internet economy have contributed to the rise in IPR infringements. RAND developed a methodology based on economic theory to contribute to quantifying the scope, scale, and impact of IPR infringements, such as counterfeiting, unauthorized downloads, and piracy.
Report
Expands and applies RAND's portfolio analysis and management (PortMan) method to address the problem of selecting U.S. Army engineering and manufacturing development projects to develop affordable systems in the face of cost and budget uncertainties.
Journal Article
Early treatment with IFNB-1b for a first clinical event suggestive of MS was found to improve patient outcomes while controlling costs.
Journal Article
Previous empirical literature has found a sharp decline in consumption during the first years of retirement, implying that individuals do not save enough for their retirement. This phenomenon is called the retirement consumption puzzle.
Journal Article
The purpose of this paper is to study identification and estimation of causal effects in experiments with multiple sources of noncompliance.
Report
To help the Air Force assess the effectiveness of its purchasing and supply-chain management initiative, the authors have developed an econometric model to help isolate the effects of this initiative from those of other possible influences.
Journal Article
This paper compares multinomial logit, ordered logit, and ordered probit car ownership models through a number of formal evaluation measures and empirical analysis of three data sets, with results.
Journal Article
It is shown how the usual two-step estimator for the standard sample selection model can be seen as a method of moments estimator.
Journal Article
The introduction of Medicare Part D has generated interest in the cost of providing drug coverage to the elderly.
Journal Article
Dans une économie avec contraintes de liquidité, les individus ont plus de difficultés à créer leur entreprise faute d'un financement suffisant de la part des banques.
Journal Article
Monopolies appear throughout health care markets, as a result of patents, limits to the extent of the market, or the presence of unique inputs and skills. In the health care industry, however, the deadweight costs of monopoly may be small or even absent.
Journal Article
Hospitals need to carefully review how EDs fit within their overall operations and cost structure.
Journal Article
Many methods for modeling skewed health care cost and use data have been suggested in the literature.
Journal Article
The paper extends and replicates part of the analysis by Barsky et al.
Journal Article
Reviews a collection of recent energy scenarios from a policy and planning perspective and compares these scenarios quantitatively.
Journal Article
The ZINB model out performs the two-part models in terms of out-of-sample prediction.
Journal Article
The use of illicit drugs by American youth rose dramatically during the 1990s. Reducing these trends is an important policy objective.
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