Date of Award
Master of Science (MS)
Economics and Finance
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. 63.