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Health economics 1st edition bhattacharya solutions manual
Course: Econometrics (ECO 7115)
7 Documents
Students shared 7 documents in this course
University: Florida International University
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2
Demand for Health Care
Comprehension Questions
Indicate whether the statement is true or false, and justify your answer. Be sure
to cite evidence from the chapter and state any additional assumptions you may
need.
1. Unlike with most types of goods, deriving a demand curve for health care is
quite simple because people rarely skimp on health care.
FALSE. Just as with any good, deriving a demand curve for health care is dif-
ficult because it requires information about how the same population would
react to different prices. This requires either parallel universes or, more real-
istically, a randomized experiment.
2. The RAND study was especially useful for measuring price elasticities be-
cause it randomly assigned insurance plans to participants (as opposed to
letting them choose).
TRUE. Randomization ensured that the groups facing different prices were
statistically equivalent. That meant that any difference in demand between
groups was attributable to price, not some other characteristic.
3. The Oregon Medicaid Experiment is not truly “randomized” because lottery
winners did not all end up with insurance, and some lottery losers did end
up with insurance.
FALSE. Although the Oregon Medicaid Experiment was not exactly a con-
1
Health Economics 1st Edition Bhattacharya Solutions Manual
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Full download all chapters instantly please go to Solutions Manual, Test Bank site: testbanklive.com
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