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Econometric Analysis of Discrete Choice

With Applications on the Demand for Housing in the U.S. and West-Germany

  • Book
  • © 1987

Overview

Editors:
  1. Axel Börsch-Supan

    1. Fachbereich Wirtschafts- und Sozialwissenschaften, Universität Dortmund, Dortmund 50, Germany

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 296)

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Table of contents (10 chapters)

  1. Front Matter

    Pages N2-VIII
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  2. Introduction

    1. Introduction

      • Axel Börsch-Supan
      Pages 1-7

  3. Econometric Foundations Discrete Choice Analysis

    1. The Random Utility Maximization Hypothesis

      • Axel Börsch-Supan
      Pages 8-20

    2. Functional Specification of Discrete Choice Models

      • Axel Börsch-Supan
      Pages 21-40

    3. The Nested Multinomial Logit Model

      • Axel Börsch-Supan
      Pages 41-75

    4. Panel Data

      • Axel Börsch-Supan
      Pages 76-87

    5. Economical Sampling and Estimation Techniques

      • Axel Börsch-Supan
      Pages 88-98

  4. Applications: The Demand for Housing in the United States and West Germany

    1. Housing Choices

      • Axel Börsch-Supan
      Pages 99-118

    2. Housing Preferences in the United States and West Germany

      • Axel Börsch-Supan
      Pages 119-165

    3. The Household Formation Decision

      • Axel Börsch-Supan
      Pages 166-184

    4. Tracing Housing Choices Over Time

      • Axel Börsch-Supan
      Pages 185-201

  5. Back Matter

    Pages 202-217
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Keywords

About this book

This book is a treatise on empirical microeconomics: it describes the econometric theory of qualitative choice models and the empirical practice of modeling consumer demand for a heterogeneous commodity, housing. Accordingly, the book has two parts. The first part gives a self-contained survey of discrete choice models with emphasis on nested and related multinomial logit models. The second part concentrates on three sUbstantive questions about housing demand and how they can be answered using discrete choice models. Why combine these two distinct parts in one book? It is the interaction between theory and application in empirical microeconomics on which we focus in this book. Hence, emphasis in the methodological part is on practicability, and emphasis in the applied part is on the usage of the proper econometric specifications. Econometrics means measuring economic phenomena. Because nature (ironically, in the case of economics, this is most often the government) rarely provides us with well-defined economic experiments, measurement of economic phenomena usually requires an elaborate statistical apparatus that is able to separate concurrent and confounding phenomena. Discrete choice models have proved to be a very convenient apparatus to study the complex issues in housing demand. We present models, techniques, and statistical problems of discrete choice in the first and methodological part of the book, written in conventional textbook style.

Editors and Affiliations

  • Fachbereich Wirtschafts- und Sozialwissenschaften, Universität Dortmund, Dortmund 50, Germany

    Axel Börsch-Supan

Bibliographic Information

  • Book Title: Econometric Analysis of Discrete Choice

  • Book Subtitle: With Applications on the Demand for Housing in the U.S. and West-Germany

  • Editors: Axel Börsch-Supan

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-45633-6

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1987

  • Softcover ISBN: 978-3-540-18534-5Published: 04 November 1987

  • eBook ISBN: 978-3-642-45633-6Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: VIII, 211

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods

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