Article ID Journal Published Year Pages File Type
5054972 Economic Modelling 2012 8 Pages PDF
Abstract
► We develop an optimal use and dispose model for single car owners. ► Agents are forward-looking. ► Decisions are made under uncertainty about future income and fuel prices. ► The approach is based on Rust's dynamic conditional Logit approach. ► Model fits data the best when considering a long-run discounting behavior.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
How long to own and how much to use a car? A dynamic discrete choice model to explain holding duration and driven mileage
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