Econometric Analysis of Discrete Choice

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

  • Axel Börsch-Supan

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

Table of contents

  1. Front Matter
    Pages N2-VIII
  2. Introduction

    1. Axel Börsch-Supan
      Pages 1-7
  3. Econometric Foundations Discrete Choice Analysis

    1. Axel Börsch-Supan
      Pages 8-20
    2. Axel Börsch-Supan
      Pages 41-75
    3. Axel Börsch-Supan
      Pages 76-87
    4. Axel Börsch-Supan
      Pages 88-98
  4. Applications: The Demand for Housing in the United States and West Germany

    1. Axel Börsch-Supan
      Pages 99-118
    2. Axel Börsch-Supan
      Pages 166-184
    3. Axel Börsch-Supan
      Pages 185-201
  5. Back Matter
    Pages 202-217

About this book

Introduction

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.

Keywords

econometrics economics microeconomics modeling regression

Editors and affiliations

  • Axel Börsch-Supan
    • 1
  1. 1.Fachbereich Wirtschafts- und SozialwissenschaftenUniversität DortmundDortmund 50Germany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-45633-6
  • Copyright Information Springer-Verlag Berlin Heidelberg 1987
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-18534-5
  • Online ISBN 978-3-642-45633-6
  • Series Print ISSN 0075-8442
  • About this book