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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5.2.3 Satiation Effects


The satiation parameter, , for each vehicle type k is parameterized as , where , where is a vector of household characteristics impacting satiation for the kth vehicle type/vintage alternative. This parameterization allows to vary across households and still be bounded between 0 and 1.


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