This unique book is the first attempt to fully integrate automobile ownership (by fleet size and vehicle type) and vehicle use in an intertemporal setting which recognises the durable nature of automobiles using extensive longitudinal panel data on each household (over 5 years).
The book presents: the theoretical and econometric development of a joint discrete-continuous choice longitudinal model system of household and automobile ownership and use, bringing together 9 years of research; the application of the model system for the period 1981-1985 in Australia; the forecasting of the model system up to 2020; particular emphasis on the development and application of a longitudinal data base which is unique to the topic - to capture the dynamic (intertemporal) impacts of technological change, life-style change, fuel prices etc.
The book not only extends the reader's knowledge of the dimensions of automobile demand but it also adds important new ideas on handling dynamics of choice, as well as new empirical evidence on elasticities of demand for vehicles and vehicle kilometres. Energy and transport planning specialists will find the book essential reading.
The Dimensions of Automobile Demand. The Theoretical Approach. The Econometric System of Discrete Vehicle Choice and Continuous Vehicle Use. Pre-Analysis of Panel Data. The Sydney Household Panel: 1981-1985. Empirical Results for the Static Vehicle Choice Models. Empirical Results for the Static Vehicle Use Models. Empirical Results for the Dynamic Vehicle Choice and Use Models. Application of the Dynamic Model System. Forecasting the Demand for Automobile Energy. Appendices. References. Subject Index.
- © North Holland 1992
- 18th March 1992
- North Holland
- eBook ISBN:
- Hardcover ISBN:
@qu:Overall, the book represents a careful piece of research which should be of interest to all those working in the area of transport studies. @source:The Economic Journal @qu:... the book provides the reader with a well argued, technically detailed and in some important respects path-breaking microeconomic approach to automobile demand and associated fuel use forecasting. @source:Journal of the Transportation Research Forum @qu:It is rare that a book comes along that induces so much rethinking of one's own field. I'm grateful to Hensher and his colleagues for their contribution. @source:Transportation Research - A