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  4. Uncovering substitution patterns in new car sales using a cross nested logit model
 
conference paper not in proceedings

Uncovering substitution patterns in new car sales using a cross nested logit model

Fernandez-Antolin, Anna  
•
de Lapparent, Matthieu  
•
Bierlaire, Michel  
2016
16th Swiss Transport Research Conference

In the context of sales of new cars it is important to understand and model the consumers substitution patterns as well as their price elasticity towards different types of cars. To do so we develop (i) a multinomial logit model (MNL) and (ii) a cross-nested logit model (CNL) and compare the obtained results. The evolution of the market shares following an increase of the price of one of the alternatives is studied. This is, to the best of our knowledge, the first time that a cross-nested logit model is used to model car-type choice. For modeling purposes, a choice of car is considered to be a choice of market segment (small, medium, full, luxury, o road or multi-purpose vehicle) and a fuel type (gas, diesel, hybrid or electric). For the imputation of the attributes of the unchosen alternatives bootstrapping techniques are used. The model includes attributes of the car such as price and power and socioeconomic characteristics of the respondent such as gender, age, income level, occupation and education.

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Type
conference paper not in proceedings
Author(s)
Fernandez-Antolin, Anna  
de Lapparent, Matthieu  
Bierlaire, Michel  
Date Issued

2016

URL

URL

http://www.strc.ch/2016/FernandezAntolin_EtAl.pdf
Written at

EPFL

EPFL units
TRANSP-OR  
Event nameEvent placeEvent date
16th Swiss Transport Research Conference

Ascona, Switzerland

18-20 May

Available on Infoscience
June 6, 2016
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/126482
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