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The first edition of Applied Health Economics did an expert job of showing how the availability of large-scale data sets antl the rapid advancement of advanced econometric techniques can help health economists antl health professionals make sense of information better than ever before. This second edition has been revised and updated throughout, and includes a new chapter on the description and modelling of individual health care costs, thus broadening the book's readership to those working on risk adjustment and health technology appraisal.
The text also fully reflects the very latest advances in the health economics field and the key journal literature. Practical applications of the methods are illustrated using data on health from the British Health and Lifestyle Survey (HALS), the British Household Panel Survey (BERS), the European Community Household Panel (ECHE), the US Medical Expenditure Panel Survey (MEPS) and the Survey of Health, Ageing and Retirement in Europe (SHARE).
There is a strong emphasis on applied work, illustrating the use of relevant computer software with code provided for State. Familiarity with the basic syntax and structure of State is assumed. The Stara code and extracts from the statistical output are embedded directly in the main text and explained at regular intervals. The book is built around empirical case studies rather than general theory, and the emphasis is on learning by example.
It presents a detailed dissection of methods and results of recent research papers written by the authors and their colleagues. Relevant methods are presented alongside the Stara code that can be used to implement them, and the empirical results are discussed at each stage. This text brings together the theory and application of health economics and econometrics, and will be a valuable reference for applied economists and students of health economics and applied econometrics.