WorldCat Identities

McFadden, Daniel

Works: 115 works in 441 publications in 3 languages and 5,212 library holdings
Genres: Conference papers and proceedings  History  Handbooks and manuals 
Roles: Editor, Author, Honoree
Publication Timeline
Most widely held works by Daniel McFadden
Handbook of econometrics by James J Heckman( Book )

30 editions published between 1983 and 2005 in English and held by 1,093 WorldCat member libraries worldwide

Handbook in econometrics. - v.4
Structural analysis of discrete data with econometric applications by Charles F Manski( Book )

21 editions published between 1981 and 1990 in English and held by 523 WorldCat member libraries worldwide

Production economics : a dual approach to theory and applications by M Fuss( Book )

46 editions published between 1961 and 2004 in English and Spanish and held by 522 WorldCat member libraries worldwide

Production Economics: A Dual Approach to Theory and Applications
Urban travel demand : a behavioral analysis : a Charles River Associates research study by Thomas A Domencich( Book )

25 editions published in 1975 in 3 languages and held by 452 WorldCat member libraries worldwide

A Charles River Associates research study
Microeconomic modeling and policy analysis : studies in residential energy demand by Thomas G Cowing( Book )

12 editions published between 1984 and 2013 in English and held by 417 WorldCat member libraries worldwide

Microeconomic Modeling and Policy Analysis: Studies in Residential Energy Demand analyzes the aggregates and distributional impacts from alternative energy polices related to the energy demands of residential consumers. The book also analyzes the use of micro-simulation models in the study. The book examines three alternative energy policies and their possible impacts on the residential energy demand. The text describes models on energy use including general micro-simulation and micro-simulation as applied in """"Residential End-Use Energy Planning Systems"""" (REEPS) and the Oak Ridge Nation
Essays on economic behavior under uncertainty by M Balch( Book )

13 editions published in 1974 in English and Dutch and held by 413 WorldCat member libraries worldwide

Preferences, uncertainty, and optimality : essays in honor of Leonid Hurwicz( Book )

9 editions published between 1988 and 1990 in English and held by 259 WorldCat member libraries worldwide

Contingent valuation of environmental goods : a comprehensive critique by Kenneth Train( )

8 editions published in 2017 in English and held by 111 WorldCat member libraries worldwide

Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique's continued use.--
The impact of demographics on housing and non-housing wealth in the United States by Hilary Williamson Hoynes( Book )

12 editions published in 1994 in English and held by 99 WorldCat member libraries worldwide

Equity in housing is a major component of household wealth in the United States. Steady gains in housing prices over the last several decades have generated large potential gains in household wealth among homeowners. Mankiw and Weil (1989) and McFadden (1993b) have argued that the aging of the US population is likely to induce substantial declines in housing prices, resulting in capital losses for future elderly generations. However, if households can anticipate changes in housing prices, and if they adjust their non-housing savings accordingly, then welfare losses in retirement could be mitigated. This paper focuses on two questions: (1) Are housing prices forecastable from current information on demographics and housing prices?; and (2) How are household savings decisions affected by capital gains in housing? We use metropolitan statistical area (MSA) level data on housing prices and demographic trends during the 1980's and find mixed evidence on the forecastability of housing prices. Further, we use data on five-year savings rates from the Panel Study of Income Dynamics and find no evidence that households engage in changing their non-housing savings in response to expectations about capital gains in housing. Thus, the projected decline in housing prices could result in large welfare losses to current homeowners and large intergenerational equity differences
Predictors of mortality among the elderly by Michael D Hurd( Book )

13 editions published in 1999 in English and held by 96 WorldCat member libraries worldwide

The objective of this paper is to find the quantitative importance of some predictors of mortality among the population aged 70 or over. The predictors are socio-economic indicators (income, wealth and education), thirteen health indicators including a history of heart attack or cancer, and subjective probabilities of survival. The estimation is based on mortality between waves 1 and 2 of the Asset and Health Dynamics among the Oldest-Old study. We find that the relationship between socio-economic indicators and mortality declines with age 13 health indicators are strong predictors of mortality and that the subjective survival probabilities predict mortality even after controlling for socio-economic indicators and the health conditions
Individual subjective survival curves by Li Gan( Book )

11 editions published in 2003 in English and held by 91 WorldCat member libraries worldwide

Testing life-cycle models and other economic models of saving and consumption at micro level requires knowledge of individuals' subjective believes of their mortality risk. Previous studies have shown that individual responses on subjective survival probabilities are generally consistent with life tables. However, survey responses suffer serious problems caused by focal responses of zero and one. This paper suggests using a Bayesian update model that accounts for the problems encountered in focal responses. We also propose models that help us to identify how much each individual deviates from life table in her subjective belief. The resulting individual subjective survival curves have considerable variations and are readily applicable in testing economic models that require individual subjective life expectancies
Living arrangements : health and wealth effects by Axel Börsch-Supan( )

13 editions published in 1993 in English and held by 84 WorldCat member libraries worldwide

This paper investigates the choice of living arrangements among elderly Americans. It has two specific aims. First, because health is not directly measurable and can only be described by indicators such as ADLs and IADLs, it explores a new econometric approach to model the influence of the latent health status on living arrangements. Second, it exploits the NBER Economic Supplement of the Longitudinal Study on Aging to investigate the role of housing and financial wealth in the choice of living arrangements
Mind the gap! : consumer perceptions and choices of Medicare Part D prescription drug plans by Florian Heiss( )

10 editions published in 2007 in English and held by 67 WorldCat member libraries worldwide

Medicare Part D provides prescription drug coverage through Medicare approved plans offered by private insurance companies and HMOs. In this paper, we study the role of current prescription drug use and health risks, related expectations, and subjective factors in the demand for prescription drug insurance. To characterize rational behavior in the complex Part D environment, we develop an intertemporal optimization model of enrollment decisions. We generally find that seniors' choices respond to the incentives provided by their own health status and the market environment as predicted by the optimization model. The proportion of individuals who do not attain the optimal choice is small, but the margin for error is also small since enrollment is transparently optimal for most eligible seniors. Further, there is also evidence that seniors over-react to some salient features of the choice situation, do not take full account of the future benefit and cost consequences of their decisions, or the expected net benefits and risk properties of alternative plans
Regulation of private health insurance markets : lessons from enrollment, plan type choice, and adverse selection in Medicare Part D by Florian Heiss( )

8 editions published between 2009 and 2010 in English and held by 61 WorldCat member libraries worldwide

We study the Medicare Part D prescription drug insurance program as a bellwether for designs of private, non-mandatory health insurance markets that control adverse selection and assure adequate access and coverage. We model Part D enrollment and plan choice assuming a discrete dynamic decision process that maximizes life-cycle expected utility, and perform counterfactual policy simulations of the effect of market design on participation and plan viability. Our model correctly predicts high Part D enrollment rates among the currently healthy, but also strong adverse selection in choice of level of coverage. We analyze alternative designs that preserve plan variety
Economics to econometrics : contributions in honor of Daniel L. McFadden( Book )

6 editions published in 2007 in English and held by 58 WorldCat member libraries worldwide

The dynamics of housing demand by the elderly : wealth, cash flow, and demographic effects by Jonathan S Feinstein( )

6 editions published in 1987 in English and held by 56 WorldCat member libraries worldwide

Using Waves one through fifteen of the PSID data set, we investigate the pattern of housing mobility amongst the elderly. We focus especially on two issues: (1) Determining which household characteristics tend to increase the probability of a move; and (2) Whether elderly households systematically move to smaller, less expensive dwellings when they do move, and, if so, which characteristics make such "downsizing" particularly likely. We find that wealthier households are less likely to move and to downsize, and that changes in family composition or retirement status significantly increase the likelihood of a move. We do not find much evidence of imperfections in the housing market, or of pervasive liquidity constraints. Finally, we develop a Lagrange Multiplier test for unobserved heterogeneity amongst elderly households, and strongly reject the null hypothesis of homogeneity
Choice probability generating functions by Mogens Fosgerau( )

7 editions published in 2012 in English and held by 55 WorldCat member libraries worldwide

This paper considers discrete choice, with choice probabilities coming from maximization of preferences from a random utility field perturbed by additive location shifters (ARUM). Any ARUM can be characterized by a choice-probability generating function (CPGF) whose gradient gives the choice probabilities, and every CPGF is consistent with an ARUM. We relate CPGF to multivariate extreme value distributions, and review and extend methods for constructing CPGF for applications
Foundations of Welfare Economics and Product Market Applications by Daniel McFadden( )

3 editions published in 2017 in English and held by 54 WorldCat member libraries worldwide

A common problem in applied economics is to determine the impact on consumers of changes in prices and attributes of marketed products as a consequence of policy changes. Examples are prospective regulation of product safety and reliability, or retrospective compensation for harm from defective products or misrepresentation of product features. This paper reexamines the foundations of welfare analysis for these applications. We consider discrete product choice, and develop practical formulas that apply when discrete product demands are characterized by mixed multinomial logit models and policy changes affect hedonic attributes of products in addition to price. We show that for applications that are retrospective, or are prospective but compensating transfers are hypothetical rather than fulfilled, a Market Compensating Equivalent measure that updates Marshallian consumer surplus is more appropriate than Hicksian compensating or equivalent variations. We identify the welfare questions that can be answered in the presence of partial observability on the preferences of individual consumers. We examine the welfare calculus when the experienced-utility of consumers differs from the decision-utility that determines market demands, as the result of resolution of contingencies regarding attributes of products and interactions with consumer needs, or as the result of inconsistencies in tastes and incomplete optimizing behavior. We conclude with an illustrative application that calculates the welfare impacts of unauthorized sharing of consumer information by video streaming services
The new science of pleasure by Daniel McFadden( )

6 editions published in 2013 in English and held by 54 WorldCat member libraries worldwide

Economists since the days of Adam Smith and Jeremy Bentham have traditionally viewed consumers as driven by relentless and consistent pursuit of self-interest, with their choices in the marketplace providing all the measurements needed to reveal their preferences and assess their well-being. This theory of consumer choice is empirically successful, and provides the foundation for most economic policy. However, the traditional view is now being challenged by evidence from cognitive psychology, anthropology, evolutionary biology, and neurology. This paper begins by surveying the origins of neoclassical consumer choice theory and recent developments. Following this, it reviews the newer evidence on consumer behavior, and what this implies for the measurement of consumer choice behavior and well-being -- National Bureau of Economic Research web site
A theory of the perturbed consumer with general budgets by Daniel McFadden( )

8 editions published in 2012 in English and held by 52 WorldCat member libraries worldwide

We consider demand systems for utility-maximizing consumers facing general budget constraints whose utilities are perturbed by additive linear shifts in marginal utilities. Budgets are required to be compact but are not required to be convex. We define demand generating functions (DGF) whose subgradients with respect to these perturbations are convex hulls of the utility-maximizing demands. We give necessary as well as sufficient conditions for DGF to be consistent with utility maximization, and establish under quite general conditions that utility-maximizing demands are almost everywhere single-valued and smooth in their arguments. We also give sufficient conditions for integrability of perturbed demand. Our analysis provides a foundation for applications of consumer theory to problems with nonlinear budget constraints
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Handbook of econometrics
Economics to econometrics : contributions in honor of Daniel L. McFadden
Alternative Names
Daniel L. McFadden

Daniel Little McFadden

Daniel McFadden Amerikaans econoom

Daniel McFadden amerikansk ekonom

Daniel McFadden amerikansk økonom

Daniel McFadden economist

Daniel McFadden economista statunitense

Daniel McFadden économiste américain

Daniel McFadden ekonomista amerykański, noblista

Daniel McFadden Ökonometriker und Nobelpreisträger

Deniel Makfadden

Mac Fadden, Daniel

Mac Fadden Daniel 1937-....

MacFadden, Daniel

MacFadden Daniel 1937-....

Mak-fadden Deniyel

Mc Fadden, Daniel

Mc Fadden Daniel 1937-....

McFadden, D.

McFadden, D. 1937-

McFadden, D. (Daniel)

McFadden, D. (Daniel), 1937-

McFadden, Daniel

McFadden, Daniel L.

McFadden, Daniel L. 1937-

McFadden, Daniel Little 1937-

Даниъл Макфадън

Деніел Макфадден

Дэніел Макфадэн

Макфадден, Даниел

Макфадден, Дэниел

Դենիել Մակ-Ֆադդեն

דניאל מקפאדן

دانييل مكفادين

دانييل مكفادين إقتصادي أمريكي

دانیل مکفادین اقتصاددان آمریکایی

ڈینیل مکفیڈل

ڈینیل مکفیڈن

ড্যানিয়েল ম্যাক্‌ফ্যাডেন Economist



English (264)

Dutch (2)

Spanish (1)