Economics, Econometrics and Finance
4 years ago

New method in health economics models leads to faster, more accurate results.

1 view
National Bureau of Economic Research
Marginal Effects in Multivariate Probit and Kindred Discrete and Count Outcome Models, with Applications in Health Economics
John Mullahy

Paper Summary

The article explores how to estimate the effects of different factors on outcomes in health economics using complex statistical models. The researchers extended previous methods to cover a wider range of scenarios and found that using analytical formulas instead of numerical methods can save time and improve accuracy in calculations.

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