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Attribute substitution in household vehicle portfolios.

Roughly three quarters of vehicles are purchased into multi‐car households. We study whether households are willing to substitute attributes, such as fuel economy, across vehicles within their portfolio. We develop a novel strategy to separately identify idiosyncratic preferences for an attribute fr...

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Published in:RAND Journal of Economics (Wiley-Blackwell) Vol. 51; no. 4; pp. 1162 - 1197
Main Authors: Archsmith, James, Gillingham, Kenneth T., Knittel, Christopher R., Rapson, David S.
Format: Article
Published: Wiley-Blackwell Dec2020
Subjects:
California
Households
Recording & registration
Vehicles
Online Access:View this record in EBSCOhost