Attribute substitution in household vehicle portfolios

Roughly three quarters of vehicles are purchased into multi-car households. We study whether households are willing to substitute attributes, such as fuel economy, across vehicles within their portfolio. We develop a novel strategy to separately identify idiosyncratic preferences for an attribute fr...

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Bibliographic Details
Main Authors: Archsmith, James (Author), Gillingham, Kenneth T. (Author), Knittel, Christopher Roland (Author), Rapson, David S. (Author)
Other Authors: Sloan School of Management (Contributor)
Format: Article
Language:English
Published: Wiley, 2021-03-17T14:57:21Z.
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