English, Article, Journal or magazine article edition: A Framework for Analyzing Rank Ordered Panel Data with Application to Automobile Demand John K. Dagsvik and Gang Liu

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Framework for Analyzing Rank Ordered Panel Data with Application to Automobile Demand
Author
  • John K. Dagsvik and Gang Liu
Physical Description
  • preprint
Notes
  • In this paper we develop a framework for analyzing panel data with observations on rank ordered alternatives that allows for correlated random taste shifters across time and across alternatives. As a special case we obtain a nested logit model type for rank ordered alternatives. We have applied this framework to estimate several model versions for household demand for conventional and alternative fuel automobiles in Shanghai based on rank ordered data obtained from a stated preference survey. The preferred model is then used to calculate demand probabilities and elasticities and the willingness-to-pay for alternative fuel vehicles.
  • Random utility models; Nested rank ordered logit models; Automobile demand; Alternative fuel vehicles
  • RePEc:ssb:dispap:480
Language
  • English
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