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Quantifying the explanatory power of mobility-related attributes in explaining vehicle ownership decisions

Journal Contribution - Journal Article

This paper focuses on showing the explanatory power of mobility-related attributes in explaining vehicle ownership decisions. Compared to the state of the art, in which socio-demographic information are usually employed as explanatory variables to explain vehicle ownership decisions, we highlight how the ownership of a mode of transport is influenced by the quality of travel offered by this mode for serving one’s activity pattern. In order to implement this approach we employ a two-level model, in which we first estimate the mode choice for performing a set of activities and then we use the results of the mode choice calibration to estimate an ownership model. This model can help us in understanding the conditions under which people would fundamentally reconsider their modal choices, in order to investigate the potential of stimulating sustainable transport modes. Even more relevant is the case in which new alternatives are offered in this case a purely descriptive model (e.g. just statistics on how many people own a car, seasonal ticket, etc.) is no longer sufficient and we need an explanatory model fully capable of endogenizing this choice, based on the perceived quality this new alternative would offer to the traveller.
Journal: Research in Transportation Economics
ISSN: 0739-8859
Volume: 66
Pages: 2 - 11
Publication year:2017
BOF-keylabel:yes
IOF-keylabel:yes
BOF-publication weight:1
CSS-citation score:1
Authors from:Higher Education
Accessibility:Closed