A dynamic discrete-continuous choice model for car ownership and usage: Estimation procedure
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During the last 40 years, a large number of studies have analyzed car holding and use behavior. Most of these ignore the dynamics of household and driver needs that very likely drive such decisions. Our work builds up on a disaggregate (compensatory) appro ...
This research focuses on the formulation of a dynamic discrete-continuous choice model to explain and predict individuals choices regarding car ownership, choice of fuel type and choice of annual driving distance. Its main contribution is to integrate dyna ...
We formulate a dynamic discrete-continuous choice model (DDCCM) of car ownership, usage and fuel type. The framework embeds a discrete-continuous choice model (DCCM) into a dynamic programming (DP) framework to account for the forward-looking behavior of h ...
We formulate a dynamic discrete-continuous choice model (DDCCM) of car ownership, usage and fuel type. The framework embeds a discrete-continuous choice model (DCCM) into a dynamic programming (DP) framework to account for the forward-looking behavior of h ...
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