Economics Run binary logit model on logfees income (dep var is which_clinic); A. Interpret your results B. Compute marginal effects and interpret them C. Predict the probability of attending a modern clinic D. Compute the value of the indirect utility for this sample and compute its change following a doubling in income

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter12: Medicare
Section: Chapter Questions
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Economics
Run binary logit model on logfees income (dep var
is which_clinic);
A. Interpret your results
B. Compute marginal effects and interpret them
C. Predict the probability of attending a modern clinic
D. Compute the value of the indirect utility for this
sample and compute its change following a
doubling in income
Transcribed Image Text:Economics Run binary logit model on logfees income (dep var is which_clinic); A. Interpret your results B. Compute marginal effects and interpret them C. Predict the probability of attending a modern clinic D. Compute the value of the indirect utility for this sample and compute its change following a doubling in income
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