The purpose of this paper is to address two important issues regarding ageing drivers. First, there is a presumption in the road safety arena that the expected increase in the number of ageing drivers on the roads will lead to an increase in crashes. Second, despite extensive research on ageing...

Using data from a 1989 household survey of new vehicle buyers, this paper develops and estimates a nested logit model of new vehicle demands. In comparison with the more restrictive multinomial logit model, which assumes that the error terms are uncorrelated, the results support a nested...