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...

A number of problems studied in the transportation literature, such as automobile choice, motorist route choice, and transportation mode choice, involve an agent who makes a series of discrete choices over time. This paper presents statistical models and estimation methods for such discrete...

The stock of durable goods can be represented by its holdings distribution, defined as the joint distribution of age and physical condition of the population of durable goods. This paper derives the holdings distribution which arises under stationary conditions when durable goods deteriorate...