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The Impact of Community Masking on COVID-19
A randomized-trial of community-level mask promotion in rural Bangladesh during COVID-19 shows that the intervention tripled mask usage and reduced symptomatic SARS-CoV-2 infections, demonstrating that promoting community mask-wearing can improve public health.
A Method to Estimate Discrete Choice Models that is Robust to Consumer Search
We state a sufficient condition under which choice data alone suffices to identify consumer preferences when choices are not fully informed. Suppose that: (i) the data generating process is a search model in which the attribute hidden to consumers is observed by the econometrician; (ii) if a consumer searches good j, she also searches goods which are better than j in terms of the non-hidden component of utility; and (iii) consumers choose the good that maximizes overall utility among searched goods. Canonical models will be biased: the value of the hidden attribute will be understated because consumers will be unresponsive to variation in the attribute for goods that they do not search. Unde...
Choice Matters
The direct-to-consumer business model has transformed how people seek out goods and services from music to mortgages. So what happens now that the revolution has come for healthcare? While consumers have begun to insist on healthcare that is as convenient and personalized as nearly every other good or service they purchase, most healthcare provider organizations, physicians, and insurance companies remain woefully unprepared to meet this demand. Choice Matters is the healthcare sector's guide to understanding and delivering the brand of consumer-centered care that is an imperative for the Zocdoc age. Drawing on the authors' diverse backgrounds in medicine, business, and public policy, this p...
The Effect
Extensive code examples in R, Stata, and Python Chapters on overlooked topics in econometrics classes: heterogeneous treatment effects, simulation and power analysis, new cutting-edge methods, and uncomfortable ignored assumptions An easy-to-read conversational tone Up-to-date coverage of methods with fast-moving literatures like difference-in-differences
Better Health Economics
"A health-economics textbook for the rest of us. The economics of healthcare are messy. For most consumers, there's minimal control around costs or services. Sometimes doctors get paid a lot; other times they don't get paid at all. Insurance and drug companies are bad, except when they're good. Everyone still uses fax machines. If economics is the study of markets and efficiency, how do we make sense of any of this? Better Health Economics is an warts-and-all introduction to a field that is, economically speaking, more exceptions than rules. Drawing on combined decades of teaching, MIT-trained economists Tal Gross and Matthew J. Notowidigdo offer readers an accessible, nonexpert primer on th...
Simpler
Cass Sunstein, for three years President Obama's "regulatory czar" heading the White House Office of Information and Regulatory Affairs, oversaw a far-reaching restructuring of America's regulatory state. In this book he pulls back the curtain to show what was done, why Americans are better off as a result, and what the future has in store.
The Abortion Controversy
The debate over whether or not abortion should be a legal option continues to divide Americans long after the U.S. Supreme Court's 7-2 decision on Roe v. Wade declared the procedure a fundamental right. The essays in this anthology provide contrasting views on the abortion controversy and are sourced from a number of organizations including the U.S. Conference of Catholic Bishops, the Life and Liberty Ministries, the Center for Reproductive Rights, and the Freedom from Religion Foundation. A question-and-response format prompts readers to evaluate complex topics from multiple angles. By evaluating and understanding divergent opinions, students can attain a balanced knowledge of the issues. Important facts, perfect for report writing, are dispersed throughout in boxed insets.
The Robustness of Tests for Consumer Choice Inconsistencies
We explore the in- and out- of sample robustness of tests for consumer choice inconsistencies based on parameter restrictions in parametric models, with a focus on tests proposed by Ketcham, Kuminoff and Powers (2015). We start by arguing that non-parametric alternatives are inherently conservative with respect to detecting mistakes (and one specific test proposed by KKP is incorrect). We then consider several proposed robustness checks of parametric models and argue that they do not separately identify misspecification and choice inconsistencies. We also show that, when implemented using a comprehensive goodness of fit measure, the Keane and Wolpin (2007) test of out of sample forecasting demonstrates that a model allowing for choice inconsistencies forecasts substantially better than one that does not. Finally, we explore the robustness of our 2011 results to alternative normative assumptions.
Irrationality in Health Care
A look at the American health care system through analysis of consumer and provider behavior. The health care industry in the US is peculiar. We spend close to 18% of our GDP on health care, yet other countries get better results—and we don’t know why. To date, we still lack widely accepted answers to simple questions, such as “Would requiring everyone to buy health insurance make us better off?” Drawing on behavioral economics as an alternative to the standard tools of health economics, author Douglas E. Hough seeks to diagnose the ills of health care today more clearly. A behavioral perspective makes sense of key contradictions—from the seemingly irrational choices that we someti...
Disorder
An incisive look into the problematic relationships among medicine, politics, and business in America and their effects on the nation’s health Meticulously tracing the dramatic conflicts both inside organized medicine and between the medical profession and the larger society over quality, equality, and economy in health care, Peter A. Swenson illuminates the history of American medical politics from the late nineteenth century to the present. This book chronicles the role of medical reformers in the progressive movement around the beginning of the twentieth century and the American Medical Association’s dramatic turn to conservatism later. Addressing topics such as public health, medical education, pharmaceutical regulation, and health-care access, Swenson paints a disturbing picture of the entanglements of medicine, politics, and profit seeking that explain why the United States remains the only economically advanced democracy without universal health care. Swenson does, however, see a potentially brighter future as a vanguard of physicians push once again for progressive reforms and the adoption of inclusive, effective, and affordable practices.
