Automobile Prices in Market Equilibrium. Part I and II. PDF Download

Author: Steven Berry
Publisher:
ISBN:
Category :
Languages : en
Pages : 80

View

Book Description

Author: Steven Berry
Publisher:
ISBN:
Category :
Languages : en
Pages : 93

View

Book Description
This paper develops new techniques for empirically analyzing demand and supply in differentiated products markets and then applies these techniques to analyze equilibrium in the U.S. automobile industry. Our primary goal is to present a framework which enables one to obtain estimates of demand and cost parameters for a broad class of oligopolistic differentiated products markets. These estimates can be obtained using only widely available product-level and aggregate consumer-level data, and they are consistent with a structural model of equilibrium in an oligopolistic industry. When we apply the techniques developed here to the U.S. automobile market. we obtain cost and demand parameters for (essentially) all models marketed over a twenty year period.

Author: Isis Durrmeyer
Publisher:
ISBN:
Category :
Languages : en
Pages : 48

View

Book Description

Author: Timothy F. Bresnahan
Publisher: University of Chicago Press
ISBN: 0226074188
Category : Business & Economics
Languages : en
Pages : 508

View

Book Description
New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan. This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living.

Author: James Arthur Berkovec
Publisher:
ISBN:
Category :
Languages : en
Pages : 588

View

Book Description

Author: Olivier J. Blanchard
Publisher:
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 70

View

Book Description
This paper has a simple goal, that of understanding the joint behaviorof prices and quantities in a particular market. More precisely, it examines whether we can find decision problems for suppliers and buyers, together with a market equilibrium structure, which are consistent with the observed price and quantity time series. Because of the relative homogeneity of the product, of the size of the market, end of the quality of the data, the market chosen is the automobile market. The first conclusion we reach is that this goal is difficult to achieve. The behavior of prices appears inconsistent with simple -- competitive, monopolistically competitive or monopolistic -- market structures. Prices appear, in a well defined sense, to be too "sticky". We then consider potentiail explanations and extensions. None appears completely satisfactory. In particular, the introduction of costs of changing prices does not seem able to explain the joint behavior of prices and quantities

Author: M. J. H. Mogridge
Publisher: Taylor & Francis
ISBN: 9780850860856
Category : Automobile industry and trade
Languages : en
Pages : 208

View

Book Description

Author: Alejandro Tirachini
Publisher: Edward Elgar Publishing
ISBN: 1800375557
Category : Business & Economics
Languages : en
Pages : 497

View

Book Description
Taking a comprehensive approach to two central, closely intertwined themes in the field of transport economics, this illuminating Handbook recognizes the critical socioeconomic importance of transport pricing and financing.

Author: Jess Benhabib
Publisher: Newnes
ISBN: 0444537139
Category : Business & Economics
Languages : en
Pages : 1509

View

Book Description
How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces. Advances our understanding about quantifying social interactions and the effects of culture Summarizes research on theoretical and applied economic analyses of social preferences Explores the recent willingness among economists to consider new arguments in the utility function

Author: Anne O. Krueger
Publisher: University of Chicago Press
ISBN: 0226455017
Category : Business & Economics
Languages : en
Pages : 474

View

Book Description
Exploring the political and economic determinants of trade protection, this study provides a wealth of information on key American industries and documents the process of seeking and conferring protection. Eight analytical histories of the automobile, steel, semiconductor, lumber, wheat, and textile and apparel industries demonstrate that trade barriers rarely have unequivocal benefits and may be counterproductive. They show that criteria for awarding protection do not take into account the interests of consumers or other industries and that political influence and an organized lobby are major sources of protection. Based on these findings, a final essay suggests that current policy fails to consider adequately economic efficiency, the public good, and indirect negative effects. This volume will interest scholars in economics, business, and public policy who deal with trade issues.