Simulated Maximum Likelihood Estimation Of Multivariate Mixed Poisson Regression Models, With Application  

Oleh:

Munkin, Murat K. ; Trivedi, Pravin K.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Econometrics Journal vol. 2 no. 1 (1999), page 29-48.
Topik: Bivariate Poisson; Unobserved heterogeneity; Overdispersion; Simulation bias; Demand for medical services.
Fulltext: 29.pdf (133.24KB)

Isi artikel

This paper proposes and implements simulated maximum likelihood estimation of bivariate count models with unrestricted correlation pattern of unobserved heterogeneity. The implementation incorporates both antithetic acceleration and adjustment for first-order simulation bias. Both the Monte Carlo simulation evidence and an application to health utilization data confirm that the method is reliable and feasible in data analysis.

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