Economic Motivations for Limited Dependent and Qualitative Variable Models

The greater availability of survey data, a succession of papers dealing with the statistical issues arising from the analysis of such data and the appearance of software packages, such as LIMDEP (Greene (1991)), have led to a remarkable increase in the application of limited dependent and qualitative variable models in economics. Economic analysis of the behaviour of individual decision makers often leads to models which are of a limited dependent or qualitative variable nature. This paper attempts to show how the use of limited dependent and qualitative variable models naturally arises from the more general framework of modifications to traditional economic optimisation problems.


Issue Date:
Feb 01 1992
Publication Type:
Working or Discussion Paper
Language:
English
Total Pages:
27
Series Statement:
Working Paper No. 6/92




 Record created 2018-01-30, last modified 2018-01-31

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