In this paper we analyze household's car ownership and private car use decisions in a model proposed by de Jong (1990). The model, which incorporates variable and fixed costs of car use, can be used to predict the effects of changes in policy measures on the car stock and aggregate use. The...

In this paper we analyze household's car ownership and private car use decisions in a model proposed by de Jong (1990). The model, which incorporates variable and fixed costs of car use, can be used to predict the effects of changes in policy measures on the car stock and aggregate use. The...

Advances in computing power allow the empirical researcher to use intensive computional techniques to solve and estimate nonlinear panel-data models, specifically those arising from nonlinear panel data such as Probit and Tobit models. In these cases, maximum-likelihood estimation can be...