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Discrete Choice Models

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Encyclopedia of Law and Economics
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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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  • Hensher D, Rose J, Greene W (2005) Applied Choice Analysis: A Primer. Cambridge University Press, Cambridge, MA

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  • McFadden D (1974) Conditional logit analysis of qualitative choice behavior. In: Zarembka P (ed) Frontiers of econometrics. Academic, New York, pp 105–142

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  • Train K (2009) Discrete choice methods with simulation, 2nd edn. 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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Correspondence to Patrice Bougette .

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© 2016 Springer Science+Business Media New York

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Bougette, P. (2016). Discrete Choice Models. In: Marciano, A., Ramello, G. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_142-1

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  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_142-1

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  • Publisher Name: Springer, New York, NY

  • Online ISBN: 978-1-4614-7883-6

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