Date of Award

8-2011

Degree Type

Report

Degree Name

Master of Science (MS)

Department

Economics and Finance

First Advisor

James Feigenbaum

Abstract

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.

Comments

This work made publicly available electronically on September 6, 2011.

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Economics Commons

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