Marginal effects in multivariate probit and kindred discrete and count outcome models, with applications in health economics / John Mullahy.
| Author/creator | Mullahy, John |
| Other author | National Bureau of Economic Research. |
| Format | Electronic |
| Publication Info | Cambridge, MA : National Bureau of Economic Research, |
| Supplemental Content | Full text available from NBER Working Papers |
| Series | NBER working paper series ; working paper 17588 Working paper series (National Bureau of Economic Research : Online) ; working paper no. 17588. UNAUTHORIZED |
| Summary | "The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. Estimation of marginal or partial effects of covariates x on various conditional parameters or functionals is often the main target of applied microeconometric analysis. In the specific context of probit models such estimation is straightforward in univariate models, and Greene, 1996, 1998, has extended these results to cover the case of quadrant probability marginal effects in bivariate probit models.The purpose of this paper is to extend these results to the general multivariate probit context for arbitrary orthant probabilities and to demonstrate the applicability of such extensions in contexts of interest in health economics applications. The baseline results are extended to models that condition on subvectors of y, to count data structures that derive from the probability structure of y, to multivariate ordered probit data structures, and to multinomial probit models whose marginal effects turn out to be a special case of those of the multivariate probit model. Simulations reveal that analytical formulae versus fully numerical derivatives result in a reduction in computational time as well as an increase in accuracy"--National Bureau of Economic Research web site. |
| General note | Title from PDF file as viewed on 1/12/2012. |
| Bibliography note | Includes bibliographical references. |
| Access restriction | Available only to authorized users. |
| Other forms | Also available in print. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2011657488 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |