Date of Award
Master of Science (MS)
Economics and Finance
Dr. James Feigenbaum
This paper evaluates the structural form model of John Rust's 1987 paper, Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher, by using reduced-form models to evaluate the same data and interpret the results. The question is whether reduced-form modeling such as probit and logit models can be as useful as structural models for prediction.
Funk, Ashley M., "Structural and Reduced-Form Models: An Evaluation of Current Modeling Criteria in Econometric Methods" (2011). All Graduate Plan B and other Reports. Paper 63.
Copyright for this work is retained by the student.