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A nested logit model of travel mode to work and auto ownership (Inglés)

Estimating the demand for urban passenger travel is very useful in transport planning. This study estimates a joint model of choice for both auto ownership and travel mode to work in Karachi, Pakistan. The model used for analysis is based on stochastic utility maximization and is estimated utilizing nested logit techniques. The purpose of the study is to measure the impact of various policy changes on welfare. The model reveals that the decision to...
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