Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care
医疗支出价格弹性的删失分位数工具变量估计
Efforts to control medical care costs depend critically on how individuals respond to prices. I estimate the price elasticity of expenditure on medical care using a censored quantile instrumental variable (CQIV) estimator. CQIV allows estimates to vary across the conditional expenditure distribution, relaxes traditional censored model assumptions, and addresses endogeneity with an instrumental variable. My instrumental variable strategy uses a family member's injury to…