The EU Commission is planning an annual general inspection for cars over ten years old in order to increase road safety. This Policy Impulse analyzes the measure from an economic perspective and shows: The planned regulation hardly achieves any safety-relevant effects, but causes considerable...

Die EU-Kommission plant eine jährliche Hauptuntersuchung für PKW ab zehn Jahren, um die Verkehrssicherheit zu erhöhen. Dieser Policy Impuls analysiert die Maßnahme aus ökonomischer Perspektive und zeigt: Die geplante Regelung erzielt kaum sicherheitsrelevante Effekte, verursacht aber...

The European fleet of passenger cars is increasing in size and rapidly ageing. A larger stock of older vehicles introduces a legacy effect limiting the adoption of newer cars, thus slowing down the transition towards more fuel-efficient and less polluting ones. Yet, little is known about the...

We build forecasting models to predict second-hand car prices capable of predicting multiple car makes and models. Using a total of 141 car attributes we fit 15 machine learning models and rank their ability to accurately predict used automobile prices according to two performance criteria. In...

The consumption value of a durable good diminishes as it ages due to physical deterioration and consumers' preference for the new. We develop a model of consumer specialization and trade in the market for used durables based on imperfect substitutability. Imperfect substitutability across...

Currently, In advanced car insurance market almost reach full penetration ratios but an emerging market like the Asia market still has the potential to grow. Thailand has continued the growth of car insurance. Thailand is the second-largest car insurance market in ASEAN and has a lot of...