Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program: Reply
We explore the in- and out-of-sample robustness of tests for choice inconsistencies based on parameter restrictions in parametric models, focusing on tests proposed by Ketcham, Kuminoff, and Powers (2016). We argue that their nonparametric alternatives are inherently conservative with respect to det...
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| Format: | Article |
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American Economic Association
2018
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| Online Access: | http://hdl.handle.net/1721.1/114152 https://orcid.org/0000-0002-9877-3065 |