Determinants of Participation in Accelerated Vehicle-Retirement Programs
建立车主车辆持有与报废决策的理论模型，并用特拉华州旧车报废计划数据估计参与率，预测不同报价下的参与情况，对环保政策制定者有用。
One potential way to reduce hydrocarbon emission is through accelerated vehicle-retirement programs. However, it is difficult to forecast participation rates in these programs because the number and characteristics of participants are likely to vary with the price offered to attract old cars. This paper presents a theoretical model of the owner's car tenure and scrappage decision. An econometric model of participation is then developed and estimated using data from a recent old-vehicle scrap program in Delaware. Participation rates at different possible offer prices are then predicted.