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The Econometric Analysis of Transition Data : Esm - Tony Lancaster

The Econometric Analysis of Transition Data


Paperback Published: 2nd November 1992
ISBN: 9780521437899
Number Of Pages: 368

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This book presents statistical methods for analysis of the duration of events. The primary focus is on models for single-spell data, events in which individual agents are observed for a single duration. Some attention is also given to multiple-spell data. The first part of the book covers model specification, including both structural and reduced form models and models with and without neglected heterogeneity. The book next deals with likelihood based inference about such models, with sections on full and semiparametric specification. A final section treats graphical and numerical methods of specification testing. This is the first published exposition of current econometric methods for the study of duration data. It will be of use as a reference and as a text to researchers and graduate students in econometrics, statistics, and biostatistics.

'This is an important book. It provides an excellent, comprehensive introduction to a rapidly expanding field of econometric methods ...'. Economica 'The analysis of transition/duration data is the next frontier beyond the now well-charted area of qualitative choice and limited-dependent variables. Lancaster's book is an excellent travel guide to this relatively unknown but beautiful land where time-series analysis and qualitative choice merge. Even if they do not decide to stay, economists and social scientists will return enriched from a trip under Professor Lancaster's guidance.' Geert Ridder, University of Groningen

Model Building
Some basic results
Covariates and the hazard function
Parametric families of duration distribution
Mixture models
Some important processes
Some structural transition models
Identifiability issues
Fully parametric inference
Limited information inference
Misspecification analysis
Residual analysis
The gamma function and distribution
Some properties of the Laplace transform
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521437899
ISBN-10: 052143789X
Series: Esm
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 368
Published: 2nd November 1992
Country of Publication: GB
Dimensions (cm): 22.56 x 15.14  x 1.75
Weight (kg): 0.49

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