Overviewofvehiclechoicemodelsandobservableattributes
There areavarietyofdifferenteconometricmodelsthathave
been usedtoforecastdemandforprivatevehicles,includingtime
series analysisofsalesdataatdifferentlevelsofaggregationand
diffusion modelsfornewtechnologies.4 In thispaperwefocuson
Random UtilityMaximization(RUM)modelsthatrepresentcon-
sumer decision-makingattheindividual-level,namelydisaggre-
gate discretechoicemodels.5 We donotpretendtoprovidean
exhaustive reviewoftheliteratureinthissection,butwerather
focus onthemostrelevantelementsthatareencounteredin