RT Journal Article
T1 Automobile demand, model cycle and age effects
A1 Moral, M.J.
A1 Jaumandreu, Jordi
AB This 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.
PB Springer
SN 1435-5477
YR 2007
FD 2007
LK https://hdl.handle.net/10016/5208
UL https://hdl.handle.net/10016/5208
LA eng
DS e-Archivo
RD 19 may. 2024