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A dynamic random effects multinomial logit model of household car ownership
Thomas Bue Bjørner,
Søren Leth-Petersen
Department of Economics
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Business & Economics
Car
71%
Costs
4%
Economic Policy
9%
Elasticity
8%
Household
56%
Household Economics
14%
Income
10%
Multinomial Logit Model
100%
Ownership
80%
Persistence
10%
Random Effects
91%
Socioeconomic
8%
State Dependence
28%
Unobserved Heterogeneity
22%