Qualitative Choice Analysis: Theory, Econometrics, and an Application to Automobile Demand

Kenneth Train

ISBN 10: 0262200554 / ISBN 13: 9780262200554

Published by The MIT Press, Cambridge, Massachusetts, 1990

About this Item

T6 - A 2nd printing hardcover book in very good condition that has some bumped corners, previous owner's info written on the front free endpaper, light discolorration and shelf wear with no dust jacket. MIT Press Series in Transportation Studies, Marvin L. Manheim, Editor. 9.25"x6.25". 252 pages. Satisfaction Guaranteed. Size: 8vo - over 7¾" - 9¾" tall. Seller Inventory # ec47894

Bibliographic Details

Title: Qualitative Choice Analysis: Theory, ...

Publisher: The MIT Press, Cambridge, Massachusetts

Publication Date: 1990

Binding: Hardcover

Condition: Very Good

Dust Jacket Condition: No Jacket

Edition: 2nd Printing.

About this title

Synopsis:

This book addresses two significant research areas in an interdependent fashion. It is first of all a comprehensive but concise text that covers the recently developed and widely applicable methods of qualitative choice analysis, illustrating the general theory through simulation models of automobile demand and use. It is also a detailed study of automobile demand and use, presenting forecasts based on these powerful new techniques.

The book develops the general principles that underlie qualitative choice models that are now being applied in numerous fields in addition to transportation, such as housing, labor, energy, communications, and criminology. The general form, derivation, and estimation of qualitative choice models are explained, and the major models - logit, probit, and GEV - are discussed in detail. And continuous/discrete models are introduced. In these, qualitative choice methods and standard regression techniques are combined to analyze situations that neither alone can accurately forecast.

Summarizing previous research on auto demand, the book shows how qualitative choice methods can be used by applying them to specific auto-related decisions as the aggregate of individuals' choices. The simulation model that is constructed is a significant improvement over older models, and should prove more useful to agencies and organizations requiring accurate forecasting of auto demand and use for planning and policy development.

The book concludes with an actual case study based on a model designed for the investigations of the California Energy Commission.

Kenneth Train is Visiting Associate Professor in Economics at the University of California, Berkeley, and Director of Economic Research at Cambridge Systematics, Inc., also in Berkeley. Qualitative Choice Analysis is included in The MIT Press Transportation Studies Series, edited by Marvin L. Manheim.

About the Author:

Kenneth E. Train is Associate Adjunct Professor in the Department of Economics and Graduate School of Public Policy at the University of California, Berkeley. He is also Principal of the firm Cambridge Systematics.