A Dynamic Discrete/Continuous Choice Model for Forward-Looking Agents Owning One or More Vehicles
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10614_2014_Article_9449.pdf
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Author(s)
de Lapparent, M.
Cernicchiaro, Giulia
Date Issued
July 2014
Journal
Computational Economics
Publisher
Springer-Verlag
Citation
Cernicchiaro, G., and M. de Lapparent. “A Dynamic Discrete/Continuous Choice Model for Forward-Looking Agents Owning One or More Vehicles.” Computational Economics, vol. 46, no. 1, 2015, pp. 15-34.
Version
Author's final manuscript
Abstract
During the last 40 years, a large number of studies have analyzed car holding and use behavior. Most of these ignore the dynamics of household and driver needs that very likely drive such decisions. Our work builds up on a disaggregate (compensatory) approach using revealed choices to address these dynamics. We develop a dynamic discrete/continuous choice model of car holding duration for forward-looking agents. We estimate this model using French panel survey data. Our findings indicate that a household’s time preference is a crucial element in car use and holding decisions.
MIT Department
Singapore-MIT Alliance in Research and Technology (SMART)
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1007/s10614-014-9449-4
