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In this paper we develop and estimate a discrete-continuous model for car ownership and use that incorporates quality choice and the decision to own multiple cars. The basic model, used for instance in De Jong (1991), treats all cars as being equal (no differences in quality) and only considers...
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The number of households with two or more cars is steadily increasing over time. The reason is that ownership of a single car imposes restrictions on car use when there are multiple license holders in a household. If such restrictions are severe, the benefits of multiple-car ownership may exceed...
Persistent link: https://www.econbiz.de/10005144517
The number of households with two or more cars is steadily increasing over time. The reason is that ownership of a single car imposes restrictions on car use when there are multiple license holders in a household. If such restrictions are severe, the benefits of multiple-car ownership may exceed...
Persistent link: https://www.econbiz.de/10011255901
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This paper studies allocation on the housing market by means of discrete choice models with availability constraints. This approach arises when uncertainty about the availability of some alternatives is introduced within the conventional framework of discrete choice models. Availability...
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