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Parametric estimation of medical care costs under conditions of censoring

Raikou, Maria and McGuire, Alistair (2009) Parametric estimation of medical care costs under conditions of censoring. LSE Health working papers, 13/2009. LSE Health, London School of Economics and Political Science, London, UK. ISBN 9780853280064

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Abstract

This paper is concerned with a set of parametric estimators that attempt to provide consistent estimates of average medical care costs under conditions of censoring. The main finding is that incorporation of the inverse of the probability of an individual not being censored in the estimating equations is instrumental in deriving unbiased cost estimates. The success of the approach is dependent on the amount of available information on the cost history process. The value of this information increases as the degree of censoring increases.

Item Type: Monograph (Working Paper)
Official URL: http://www2.lse.ac.uk/LSEHealthAndSocialCare/LSEHe...
Additional Information: © 2009 The authors
Library of Congress subject classification: R Medicine > RA Public aspects of medicine
Journal of Economic Literature Classification System: C - Mathematical and Quantitative Methods > C0 - General > C00 - General
Sets: Departments > Social Policy
Collections > Economists Online
Research centres and groups > LSE Health
Collections > LSE Health Working Paper Series in Health Policy and Economics
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 13/2009
Date Deposited: 28 Jul 2010 11:30
URL: http://eprints.lse.ac.uk/28857/

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