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, Gillingham, Kenneth T., Knittel, Christopher Roland, Rapson, David S.
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: Wiley 2021
Online Access:https://hdl.handle.net/1721.1/130156

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