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A Limiting Joint-Choice Model for Discrete and Continuous Housing Characteristics

Paul Blakley and Jan Ondrich
The Review of Economics and Statistics
Vol. 70, No. 2 (May, 1988), pp. 266-274
Published by: The MIT Press
DOI: 10.2307/1928311
Stable URL: http://www.jstor.org/stable/1928311
Page Count: 9
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
A Limiting Joint-Choice Model for Discrete and Continuous Housing Characteristics
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Abstract

A simultaneous discrete and continuous random utility model for housing demand is presented. Household utility depends on three characteristics of housing: a discrete number of bedrooms and continuous measures of housing quality and distance to the central business disdtrict. Empirical results for a sample of renter households from San Francisco are compared for a univariate structure in which each choice variable has its own utility or disutility function, a simultaneous structure assuming a discrete-continuous analog of the independence of irrelevant alternatives, and on for which this assumption is relaxed. The results indicate that the third structure is most appropriate.

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