A Dynamic Discrete/Continuous Choice Model for Forward-Looking Agents Owning One or More Vehicles

Author(s)
de Lapparent, M.; Cernicchiaro, Giulia
Thumbnail
Download10614_2014_Article_9449.pdf (556.2Kb)
PUBLISHER_POLICY
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.
Metadata
Show full item record
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.
Date issued
2014-07
URI
http://hdl.handle.net/1721.1/106306
Department
Singapore-MIT Alliance in Research and Technology (SMART)
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
ISSN
0927-7099
1572-9974
Collections