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Automobile demand, model cycle and age effects

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorMoral, M.J.
dc.contributor.authorJaumandreu, Jordi
dc.date.accessioned2009-09-16T11:30:55Z
dc.date.available2009-09-16T11:30:55Z
dc.date.issued2007
dc.description.abstractThis paper is aimed at exploring the existence of typical patterns of automobile model life and the formal test for age effects in a discrete-choice demand framework estimated with data on the models sold in the Spanish market. Estimates show that the evolution of market shares entails and quantifies age effects resulting from consumer demand. These effects are clearly distinguishable from the impacts generated by changes in attributes and firm pricing. They carry an exogenous factor that is full of implications for firm behaviour over the life of a model: the modification of demand price sensitivities. As a result, for example, equilibrium own-price elasticities are observed to decrease until the fourth year of a model life, and then to increase again.
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationSpanish Economic Review. 2007, vol. 9, nº 3, p. 193-218
dc.identifier.doi10.1007/s10108-006-9014-y
dc.identifier.issn1435-5477
dc.identifier.urihttps://hdl.handle.net/10016/5208
dc.language.isoeng
dc.publisherSpringer
dc.relation.publisherversionhttp://www.springerlink.com/content/vw541516548l2787/fulltext.pdf
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s10108-006-9014-y
dc.rights©The original publication is available at www.springerlink.com
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.subject.otherModel life cycle
dc.subject.otherAutomobile demand
dc.subject.otherDiscrete choice
dc.subject.otherDifferentiated products
dc.titleAutomobile demand, model cycle and age effects
dc.typeresearch article*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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