A nested logit model of automobile holdings for one vehicle households
This paper presents a model of automobile choice by single vehicle households. This effort is distinguished from previous disaggregate automobile holdings models primarily by the use of the nested logit model rather than the more restrictive multinomial logit model. We present a 2-step estimation technique that provides consistent and asymptotically efficient parameter estimates, yet is tractable for very large choice sets. Using disaggregate data on 237 one-vehicle households we estimate the unknown parameters on an automobile choice model containing 785 individual makes, models and vintages of passenger vehicles.
Year of publication: |
1985
|
---|---|
Authors: | Berkovec, James ; Rust, John |
Published in: |
Transportation Research Part B: Methodological. - Elsevier, ISSN 0191-2615. - Vol. 19.1985, 4, p. 275-285
|
Publisher: |
Elsevier |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Introduction to the James Berkovec memorial issue
Gabriel, Stuart A., (2012)
-
The General Equilibrium Effects of Inflation on Housing Consumption and Investment.
Berkovec, James, (1989)
-
A General Equilibrium Model of Housing, Taxes, and Portfolio Choice.
Berkovec, James, (1992)
- More ...