Article2007

A Nested Logit Model of Auto Ownership and Vehicle Type Choices

4 citations0/0 files storedJournal of the Eastern Asia Society for transportation studies/Journal of the Eastern Asia Society for Transportation Studies

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Transportation Planning and Optimization Economic and Environmental Valuation Energy, Environment, and Transportation Policies

Abstract

The study examines households' auto ownership and car type choice with a nested legit model. In summary. and the inclusive values, which represent the goodness of fit of the model, are statistically significant. Therefore. the nested logit model is superior to the standard legit model in this case. Also. the elasticity of operating costs is larger than 1, which means households' car ownership and car type choice is very sensitive to the operating costs. Finally, the elasticity of the operating costs in the lower income group is higher than that or the operating costs in the higher income group.

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