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:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
• Corporate Authors:

  Pergamon Press, Incorporated

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

Media Info

• Features: References; Tables;
• Pagination: p. 275-285
• Serial:
  • Transportation Research Part B: Methodological
  • Volume: 19B
  • Issue Number: 4
  • Publisher: Elsevier
  • ISSN: 0191-2615
  • Serial URL: http://www.sciencedirect.com/science/journal/01912615

Subject/Index Terms

• TRT Terms: Automobiles; Choice models; Estimates; Households; Logits; Mathematical models; Motor vehicles; Ownership; Sets
• Uncontrolled Terms: Nesting; One; Selection
• ITRD Terms: 1243: Car; 309: Household; 6473: Mathematical model; 9054: One; 9072: Selection; 315: Vehicle ownership
• Subject Areas: Highways; Operations and Traffic Management; Planning and Forecasting; Society; I71: Traffic Theory; I72: Traffic and Transport Planning;

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