A NESTED LOGIT MODEL OF AUTOMOBILE HOLDINGS FOR ONE VEHICLE HOUSEHOLDS

This paper presents a model of automobile choice by single vehicle households. This effort is distinguished from previous disaggregate automobile holdings primarily by the use of the nested logit model rather than the more restrictive multinomial logit model. We present a 2-step estimation technique that provides consistent and asymptotically efficient parameter estimates, yet is tractable for very large choice sets. Using disaggregate data on 237 one-vehicle households we estimate the unknown parameters on an automobile choice model containing 785 individual makes, models and vintages of passenger vehicles. (Author/TRRL)

  • Availability:
  • Corporate Authors:

    Pergamon Press, Incorporated

    Headington Hill Hall
    Oxford OX30BW,    
  • Authors:
    • Berkovec, J
    • RUST, J
  • Publication Date: 1985-8

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Filing Info

  • Accession Number: 00453262
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • Report/Paper Numbers: HS-039 379
  • Files: HSL, ITRD, TRIS
  • Created Date: Feb 28 1986 12:00AM