| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20976 |
| 来源ID | Working Paper 20976 |
| Prescription Drug Use under Medicare Part D: A Linear Model of Nonlinear Budget Sets | |
| Jason Abaluck; Jonathan Gruber; Ashley Swanson | |
| 发表日期 | 2015-03-02 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Medicare Part D enrollees face a complicated decision problem: they must dynamically choose prescription drug consumption in each period given difficult- to-find prices and a non-linear budget set. We use Medicare Part D claims data from 2006-2009 to estimate a flexible model of consumption that accounts for non-linear budget sets, dynamic incentives due to myopia and uncertainty, and price salience. By using variation away from kink points, we are able to estimate structural models with a linear regression of consumption on coverage range prices. We then compare performance under several candidate models of expectations and coverage phase weighting. The estimates suggest small marginal price elasticities and substantial myopia; we also find evidence that salient plan characteristics impact consumption beyond their effect on out-of-pocket prices. A hyperbolic discounting model which allows for salient plan characteristics fits the data well, and outperforms both rational models and alternative behavioral models. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w20976 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578651 |
| 推荐引用方式 GB/T 7714 | Jason Abaluck,Jonathan Gruber,Ashley Swanson. Prescription Drug Use under Medicare Part D: A Linear Model of Nonlinear Budget Sets. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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