publication . Article . Other literature type . 1981

Assessing the potential demand for electric cars

Beggs, S; Cardell, S; Hausman, J;
  • Published: 01 Sep 1981 Journal: Journal of Econometrics, volume 17, pages 1-19 (issn: 0304-4076, Copyright policy)
  • Publisher: Elsevier BV
Abstract An ordered logit specification for use on ranked individual data is used to analyze survey data on potential consumer demand for electric cars. In many situations in economics and marketing we would like to be able to forecast consumer demands for goods which have not yet appeared in actual markets. By defining goods as a bundle of underlying attributes, we can use discrete choice models to estimate consumer evaluations. Then new good demand is forecast by use of the estimated coefficients to compare consumer evaluation of the new good to existing choices. When ranked individual data are available, we can estimate separate coefficients for each individu...
free text keywords: Economics and Econometrics, Applied Mathematics
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