Bus Engine Replacement

Context

Data set from Aguirregabiria and Mira's 2008 survey paper on dynamic discrete choice models. This data was originally used in Rust's 1987 paper on bus engine replacement. The paper analyzes a bus company's decisions to replace bus engines. Rust's analysis shows that the bus company considers the future when making decisions.

Content

The data is just the data from Aguirregabiria and Mira's data. I converted the data, intended to be used with Gauss, into a .csv

Acknowledgements

Aguirregabiria and Mira's code (Gauss)

Aguirregabiria and Mira's paper

Rust's code (Gauss)

Rust's paper