Applied Discrete-Choice Modelling [Hardcover]

Originally published in 1981. Discrete-choice modelling is an area of econometrics where significant advances have been made at the research level. This book presents an overview of these advances, explaining the theory underlying the model, and explores its various applications. It shows how operational choice models can be used, and how they are particularly useful for a better understanding of consumer demand theory. It discusses particular problems connected with the model and its use, and reports on the authors own empirical research. This is a comprehensive survey of research developments in discrete choice modelling and its applications.

Preface 1. Introduction 2. Contextual Prerequisites 3. A Basic Discrete Choice Model 4. Choice Set Definition and Decision Structures 5. The Choice Axiom and Independence from Irrelevant Alternatives Property 6. Alternative Model Forms and Statistical Approaches 7. Other Analytical and Empirical Issues 8. Simultaneous Equation Models 9. Applications 10. A Test Case Study. Appendix A: Statistical Tables, B: On the Identification of the Functional Form of the Utility Expression and its Relationship to Discrete Choice Jordan J. Louviere, C: Sampling, Specification and Data Errors in Probabilistic Discrete-Choice Models Joel Horowitz

Originally published in 1981. This book presents an overview of advances in the discrete-choice modelling area of econometric research, explaining the theory, and exploring its various applications. It shows how operational choice models can be used, and how they are particularly useful for a better understanding of consumer demand theory.