The Impact of Demographics, Built Environment Attributes, Vehicle Characteristics, and Gasoline Prices on Household Vehicle Holdings and Use Chandra R. Bhat



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It is important to note that the parameters and appear in both the MDCEV probability expression (Equation 6) as well as the standard discrete choice probability expression for the choice of make/model (Equation 8). This creates the jointness in the multiple discrete and single discrete choices. The values are dissimilarity parameters indicating the level of correlation among the vehicle makes/models within vehicle type k. When for all k, the MDCEV-MNL model collapses to an MDCEV model with a fixed satiation parameter for all make/model alternatives within vehicle type k.

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