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