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Individual results may vary: Inequality-probability bounds for some health-outcome treatment effects.

Authors :
Mullahy, John
Source :
Journal of Health Economics. Sep2018, Vol. 61, p151-162. 12p.
Publication Year :
2018

Abstract

While many results from the treatment-effect and related literatures are familiar and have been applied productively in health economics evaluations, other potentially useful results from those literatures have had little influence on health economics practice. With the intent of demonstrating the value and use of some of these results in health economics applications, this paper focuses on one particular class of parameters that describe probabilities that one outcome is larger or smaller than other outcomes ("inequality probabilities"). While the properties of such parameters have been exposited in the technical literature, they have scarcely been considered in informing practical questions in health evaluations. This paper shows how such probabilities can be used informatively, and describes how they might be identified or bounded informatively given standard sampling assumptions and information only on marginal distributions of outcomes. The logic of these results and the empirical implementation thereof-sampling, estimation, and inference-are straightforward. Derivations are provided and several health-related applications are presented. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01676296
Volume :
61
Database :
Academic Search Index
Journal :
Journal of Health Economics
Publication Type :
Academic Journal
Accession number :
131806948
Full Text :
https://doi.org/10.1016/j.jhealeco.2018.06.011