A DYNAMIC EMPIRICAL ANALYSIS OF HOUSEHOLD VEHICLE OWNERSHIP AND UTILIZATION

摘要: In this article we develop a dynamic model of household vehicle ownership and utilization behavior by using data that were generated before, during, after the 1979 energy crisis. The principal empirical findings are households have maintained distinct preference for American over foreign cars, but also strong brand loyalties. results suggest notwithstanding recent financial trends, U.S. firms must continue to make technological improvements in their vehicles combat loyalty has developed if domestic automobile industry is be viable at present scale operations.