A dynamic hazard-based system of equations of vehicle ownership with endogenous long-term decision factors incorporating group decision making

Taha Hossein Rashidi and Mohammadian, Abolfazl (Kouros)

Journal of Transport Geography, 2011, vol. 19, issue 6, 1072-1080

Abstract: The transportation system affects all aspects of our daily lives including relatively long-term decisions on work and home location choice and automobile ownership decisions. The interdependency existing among these three decisions jointly influences household mobility and overall travel patterns. Therefore, a dynamic modeling framework that can account for the effects of interdependencies between vehicle transaction behavior and residential and job location choices is highly desirable. These decisions are made in the household level while individuals’ decisions influence the overall outcome; therefore, it is also important to incorporate a group decision making process within such modeling frameworks.

Keywords: Hazard model; System of equations; Vehicle ownership; Transaction; Housing; Job relocation (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jotrge:v:19:y:2011:i:6:p:1072-1080

DOI: 10.1016/j.jtrangeo.2011.05.001

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