A dynamic discrete-continuous choice model of car ownership, usage and fuel type

• This paper presents a dynamic discrete-continuous choice model of car ownership, usage, and fuel type that embeds a discrete-continuous choice model into a dynamic programming framework to account for the forward-looking behavior of households in the context of car acquisition. More specifically, we model the transaction type, the choice of fuel type, and the annual driving distance for up to two cars in the household. We present estimation and cross-validation results based on a subsample of the Swedish population that is obtained from combining the population and car registers. Finally we apply the model to analyze a hypothetical policy that consists of a subsidy that reduces the annual cost of diesel cars.

Ämnesord

TEKNIK OCH TEKNOLOGIER  -- Samhällsbyggnadsteknik -- Transportteknik och logistik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Civil Engineering -- Transport Systems and Logistics (hsv//eng)

Nyckelord

Transportvetenskap

Transport Science

Publikations- och innehållstyp

vet (ämneskategori)

ovr (ämneskategori)