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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(4)

The satiation parameter, , needs to be bounded between 0 and 1. To enforce this condition, we parameterize as . Further, to allow the satiation parameters to vary across households, we write , where is a vector of household characteristics impacting satiation for the kth alternative, and is a corresponding vector of parameter.


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