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A note on endogenous variables in household vehicle utilization equations

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Author Info
Mannering, Fred L.
Abstract

This paper presents an empirical analysis of the statistical bias resulting from the endogeniety of vehicle specific attributes in econometric models of household vehicle utilization. Using data from a recent U.S. household survey, both corrected and uncorrected vehicle utilization models are estimated. A comparison of these estimation results reflects the substantial bias in model coefficients, price elasticities and income elasticities that can result if the endogeneity of vehicle specific attributes is not considered.

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Publisher Info
Article provided by Elsevier in its journal Transportation Research Part B: Methodological.

Volume (Year): 20 (1986)
Issue (Month): 1 (February)
Pages: 1-6
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Handle: RePEc:eee:transb:v:20:y:1986:i:1:p:1-6

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  1. Kenneth A. Small & Kurt Van Dender, 2006. "Fuel Efficiency and Motor Vehicle Travel: The Declining Rebound Effect," Working Papers 050603, University of California-Irvine, Department of Economics. [Downloadable!]
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