A Framework for Analyzing Rank Ordered Panel Data with Application to Automobile Demand
AbstractIn 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.
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Bibliographic InfoPaper provided by Research Department of Statistics Norway in its series Discussion Papers with number 480.
Date of creation: Oct 2006
Date of revision:
Random utility models; Nested rank ordered logit models; Automobile demand; Alternative fuel vehicles;
Find related papers by JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-13 (All new papers)
- NEP-DCM-2007-01-13 (Discrete Choice Models)
- NEP-ECM-2007-01-13 (Econometrics)
- NEP-UPT-2007-01-13 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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