Abstract #300842

This is the preliminary program for the 2003 Joint Statistical Meetings in San Francisco, California. Currently included in this program is the "technical" program, schedule of invited, topic contributed, regular contributed and poster sessions; Continuing Education courses (August 2-5, 2003); and Committee and Business Meetings. This on-line program will be updated frequently to reflect the most current revisions.

To View the Program:
You may choose to view all activities of the program or just parts of it at any one time. All activities are arranged by date and time.

The views expressed here are those of the individual authors
and not necessarily those of the ASA or its board, officers, or staff.

Back to main JSM 2003 Program page
JSM 2003 Abstract #300842
Activity Number: 241
Type: Contributed
Date/Time: Tuesday, August 5, 2003 : 10:30 AM to 12:20 PM
Sponsor: Business & Economics Statistics Section
Abstract - #300842
Title: The Welfare Loss from Innovations in Antidepressant Pharmaceuticals
Author(s): Ralph Bradley*+
Companies: Bureau of Labor Statisics
Address: 2 Massachusetts Ave. NE, Washington, DC, 20212-0022,
Keywords: limited dependent variable estimation ; moral hazard ; price indexes
Abstract:

When new goods are added to the commodity bundle, one usually concludes that there has not been any loss in welfare. However, because of the moral hazard effects of medical insurance, this is not necessarily true for the introduction of new medical goods.This study shows that the introduction of new types of antidepressants between 1988 and 1995 imposed a welfare loss because of the moral hazard effects. Additionally, I show that the price index for antidepressant treatments is no longer monotonically increasing in the prices of antidepressants. Large increases in the prices of the new medicines will actually reduce the price index.

  • The address information is for the authors that have a + after their name.
  • Authors who are presenting talks have a * after their name.

Back to the full JSM 2003 program

JSM 2003 For information, contact meetings@amstat.org or phone (703) 684-1221. If you have questions about the Continuing Education program, please contact the Education Department.
Revised March 2003