Lecture Notes in Economics and Mathematical Systems

Econometric Analysis of Discrete Choice

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

Authors: Börsch-Supan, Axel

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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.

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Buy this book

eBook $69.95 net
( price for USA )
  • ISBN 978-3-642-45633-6
  • digitally watermarked, no DRM
  • included format: PDF
  • eBooks can be used on all Reading Devices
Softcover $99.00 net
( price for USA )
  • ISBN 978-3-540-18534-5
  • free shipping for individuals worldwide
  • usually dispatched within 3 to 5 business days

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Bibliographic Information

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
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
296
Copyright
1987
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-45633-6
DOI
10.1007/978-3-642-45633-6
Softcover ISBN
978-3-540-18534-5
Series ISSN
0075-8442
Edition Number
1
Topics