Accounting for anticipation effects
Subtitle: an application to medical malpractice tort reform
By: Anup Malani, Julian Reif
Contributors: Reif, Julian; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16593; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16593.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.  While conducting empirical work, researchers sometimes observe changes in behavior before the adoption of a new treatment program or policy.  The conventional diagnosis researchers make is that the treatment is endogenous.  Observing behavioral changes prior to treatment is also consistent, however, with anticipation effects.  In this paper we provide a framework for comparing the different methods for estimating anticipation effects and propose a new set of instrumental variables that can address the problem that subjects' expectations are unobservable.  We use our framework to analyze the effect of tort reform on physician supply.  We find that accounting for anticipation effects doubles the estimated effect of tort reform"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 3/31/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.