In this paper, we formulate and estimate a nested model structure that includes a multiple discrete-continuous extreme value (MDCEV) component to analyze the choice of vehicle type/vintage and usage in the upper level and a multinomial logit (MNL) component to analyze the choice of vehicle...

This paper formulates a model for the joint analysis of the imperfect and perfect substitute goods case. That is, it enables the modeling of choice situations where consumers choose multiple alternatives at the same time from a certain set of alternatives, but also choose only one alternative...

The increasing diversity of vehicle type holdings and the growing usage of vehicles by households have serious policy implications for traffic congestion and air pollution. Consequently, it is important to accurately predict the vehicle holdings of households as well as the vehicle miles of...