Journal ArticleDOI
Discrete/continuous models of consumer demand
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This article is published in Econometrica.The article was published on 1984-05-01. It has received 786 citations till now. The article focuses on the topics: Demand curve.read more
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Machine learning applications in household-level demand prediction
TL;DR: In this paper , the out-of-sample predictive accuracy of household budget share for organic fresh produce using two parametric models and six ML methods under regular and large sample sizes.
Journal ArticleDOI
Discrete-Choice Models and Representative Consumer Theory
TL;DR: In this paper , the authors established the Hurwicz-Uzawa integrability of the broad class of discrete-choice additive random-utility models of individual consumer behavior with perfect substitutes preferences and divisible goods.
ReportDOI
A discrete-continuous choice model of climate change impacts on energy
W.N. Morrison,R. Mendelsohn +1 more
TL;DR: In this paper, a discrete-continuous fuel choice model is proposed to explore climate impacts on the energy sector. But the model assumes that actors switch from oil in cold climates to electricity and natural gas in warm climates and fuel-specific expenditures follow a U-shaped relationship with respect to temperature.
References
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Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
Journal Article
Modeling the choice of residential location
TL;DR: The problem of translating the theory of economic choice behavior into concrete models suitable for analyzing housing location and methods for controlling the size of data collection and estimation tasks by sampling alternatives from the full set of alternatives are discussed.
Journal ArticleDOI
An Econometric Analysis of Residential Electric Appliance Holdings and Consumption
Jeffrey A. Dubin,Daniel McFadden +1 more
TL;DR: In this paper, the authors used a subsample of the 1975 survey of 3249 households carried out by the Washington Center for Metropolitan Studies (WCMS) for the Federal Energy Administration for the purpose of testing the statistical exogeneity of appliance dummy variables typically included in demand for electricity equations.
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Urban travel demand - a behavioral analysis
T A Domencich,Daniel McFadden +1 more
TL;DR: In this paper, the authors integrate economic concepts of supply and demand equilibrium for urban activities using the concept of traffic equilibrium within transportation networks and describe the cutting edge in travel demand analysis using the latest methods.