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research article
A dynamic discrete-continuous choice model for forward-looking agents owning one or more vehicles
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 households time preference is a crucial element in car use and holding decisions.
Type
research article
Authors
Publication date
2015
Published in
Volume
46
Start page
15
End page
34
Peer reviewed
REVIEWED
EPFL units
Available on Infoscience
July 15, 2015
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