Econometric Models

REPORT

Toward Affordable Systems III: Portfolio Management for Army Engineering and Manufacturing Development Programs — May 8, 2012

Together this and two companion monographs demonstrate a method, model, and simulation that the U.S. Army can use to analyze and manage portfolios at any stage of the research and development process. This monograph expands and applies RAND's portfolio analysis and management (PortMan) method to address the problem of selecting Army engineering and manufacturing development projects in order to develop affordable systems.

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• National Security Research Area

JOURNAL ARTICLE

Cost-effectiveness Analysis of Interferon Beta-1b for the Treatment of Patients with a First Clinical Event Suggestive of Multiple Sclerosis — May 1, 2012

This study assesses, from a Swedish societal perspective, the cost effectiveness of interferon β-1b (IFNB-1b) after an initial clinical event suggestive of multiple sclerosis (MS) (ie, early treatment) compared with treatment after onset of clinically definite MS (CDMS) (ie, delayed treatment).

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JOURNAL ARTICLE

Changes in Consumption at Retirement: Evidence from Panel Data — Aug 1, 2011

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.

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• Related Report
• Population and Aging Research Area

JOURNAL ARTICLE

Estimation of Causal Effects in Experiments with Multiple Sources of Noncompliance — Mar 31, 2009

The purpose of this paper is to study identification and estimation of causal effects in experiments with multiple sources of noncompliance.

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• Education and the Arts Research Area

REPORT

Estimating the Benefits of the Air Force Purchasing and Supply Chain Management Initiative — Jan 13, 2008

One tool the Air Force is using to improve its logistical support to the warfighter is purchasing and supply-chain management (PSCM). Is PSCM doing what it was intended to do? If so, how well? Are other factors influencing its intended outcomes? The authors have developed an econometric model that helps examine all these things. While data availability and quality can be a challenge, the model may also be useful in other contexts.

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• National Security Research Area

JOURNAL ARTICLE

Comparison of Vehicle-Ownership Models — Dec 31, 2007

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.

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JOURNAL ARTICLE

Long-term Economic Benefits Attributed to IVF-conceived Children: A Lifetime Tax Calculation — Dec 31, 2007

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JOURNAL ARTICLE

The Sample Selection Model from a Method of Moments Perspective — Dec 31, 2006

It is shown how the usual two-step estimator for the standard sample selection model can be seen as a method of moments estimator. Furthermore, it is shown that from the MM formulation, it is straightforward to derive various specification tests, in particular tests for selection bias, equivalence with the censored regression model, normality, homoskedasticity, and exogeneity.

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JOURNAL ARTICLE

Prescription Drug Coverage and Elderly Medicare Spending — Dec 31, 2006

The introduction of Medicare Part D has generated interest in the cost of providing drug coverage to the elderly.

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• Population and Aging Research Area

JOURNAL ARTICLE

Le Travail Independant Passe 50 Ans: Le Role De La Richesse Individuelle Et Des Couts De Creation D'entreprise — Dec 31, 2006

Dans une economie avec contraintes de liquidite, les individus ont plus de difficultes a creer leur entreprise faute d'un financement suffisant de la part des banques.

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• Population and Aging Research Area

JOURNAL ARTICLE

Health Insurance as a Two-Part Pricing Contract — Nov 1, 2006

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.

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JOURNAL ARTICLE

The Cost of an Emergency Department Visit and Its Relationship to Emergency Department Volume — Dec 31, 2004

Findings suggest that the marginal cost of an outpatient ED visit is higher than is generally believed. Hospitals thus need to carefully review how EDs fit within their overall operations and cost structure and may need to pay special attention to policies and procedures that guide the delivery of nonurgent care through the ED.

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• Health and Health Care Research Area

JOURNAL ARTICLE

Too Much Ado About Two-Part Models and Transformation? Comparing Methods of Modeling Medicare Expenditures — Dec 31, 2003

Many methods for modeling skewed health care cost and use data have been suggested in the literature.

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• Health and Health Care Research Area

JOURNAL ARTICLE

Analysis of US Energy Scenarios: Meta-Scenarios, Pathways, and Policy Implications — Dec 31, 2002

This manuscript reviews a collection of recent energy scenarios from a policy and planning perspective and compares these scenarios quantitatively with respect to US energy consumption, energy efficiency, and carbon content of the fuel mix in 2020.

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• Energy and Environment Research Area

JOURNAL ARTICLE

Hypothetical Intertemporal Consumption Choices — Dec 31, 2002

The paper extends and replicates part of the analysis by Barsky et al.

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• Population and Aging Research Area

JOURNAL ARTICLE

Predicting the Use of Outpatient Mental Health Services: Do Modeling Approaches Make a Difference? — Dec 31, 2001

Estimates and predictions are not sensitive to the modeling approaches chosen, although the ZINB model out performs the two-part models in terms of out-of-sample prediction.

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• Health and Health Care Research Area

JOURNAL ARTICLE

Economics of Youth Drug Use, Addiction and Gateway Effects — Dec 31, 2000

This paper overviews an economic approach to modeling drug use, addiction and gateway effects, emphasizing the potential of this method for identifying causal links in consumption.

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• Health and Health Care Research Area

JOURNAL ARTICLE

Sex and Race Differences in Young People's Responsiveness to Price and Tobacco Control Policies — Dec 31, 1998

Policymakers need to keep in mind that there is not a one-size fits all strategy for discouraging smoking among young people.

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• Children and Families Research Area

JOURNAL ARTICLE

The Dynamic Effects of Health on the Labor Force Transitions of Older Workers — Dec 31, 1998

This paper addresses the interplay between health and labor market behavior in the later part of the working life.

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• Population and Aging Research Area

JOURNAL ARTICLE

A Model of the Impact of Reimbursement Schemes on Health Plan Choice — Dec 31, 1997

Flat capitation (uniform prospective payments) makes enrolling healthy enrollees profitable to health plans.

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• Health and Health Care Research Area