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This book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those that can be observed only in certain ranges). Such variables are involved, for example, in models of occupational choice, choice of tenure in housing, and choice of type of schooling. Models with regulated prices and rationing, and models for program evaluation, also represent areas of application for the techniques presented by the author.

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Book Details

ISBN: 9780521338257
ISBN-10: 0521338255
Format: Paperback
(228mm x 152mm x 23mm)
Pages: 414
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 27-Jun-1986
Country of Publication: United Kingdom

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