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THE 2013 LAWRENCE R. KLEIN LECTURE: BEHAVIORAL AND DESCRIPTIVE FORMS OF CHOICE MODELS.

Empirical work on choice models, especially on relatively new topics or data sets, often starts with descriptive, or what is colloquially referred to as 'reduced form,' results. Our descriptive form formalizes this process. It is derived from the underlying behavioral model, has an interpretation in...

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Published in:International Economic Review Vol. 55; no. 3; pp. 603 - 625
Main Author: Pakes, Ariel
Format: Article
Published: Wiley-Blackwell Aug2014
Subjects:
Klein, Lawrence R. (Lawrence Robert), 1920-2013
Consumer preferences
Empirical research
Human behavior models
Big data
Endogeneity (Econometrics)
Online Access:View this record in EBSCOhost