Abstract
Discrete choice models (DCM) have been essential in modeling agents' decision-making behavior. Empirical analysis in law and economics uses therefore such a method. This essay summarizes the definition and the different types of DCMs.
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References
Maddala GS (1983) Limited-dependent and qualitative variables in econometrics. Econometric society monographs No 3. Cambridge University Press, Cambridge, MA
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Further Reading
Anderson SP, de Palma A, Thisse JF (1992) Discrete choice theory of product differentiation. The MIT Press, Cambridge, MA
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Bougette, P. (2019). Discrete Choice Models. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_142
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DOI: https://doi.org/10.1007/978-1-4614-7753-2_142
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