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The automobile market is one of the most significant sectors of the German economy both in terms of value added and number of employees. This paper focuses on the determinants of automobile demand in Germany from 2008 to 2016. We apply multiple linear regression in order to estimate new...
Persistent link: https://www.econbiz.de/10012912152
This paper examines the unexplored link between the prevalence of overweight and obesity and vehicle demand in the United States. Exploring annual sales data of new passenger vehicles at the model level in 48 U.S. counties from 1999 to 2005, we find that new vehicles demanded by consumers are...
Persistent link: https://www.econbiz.de/10013071048
We present evidence from 260,000 online auctions of second-hand cars to identify the impact of public reserve prices on auction outcomes. To establish causality, we exploit multiple discontinuities in the relationship between reserve prices and vehicle characteristics to present RD estimates of...
Persistent link: https://www.econbiz.de/10008688876
We apply various refinements of survival regression to assess the results of some basic specifications based on product life cycle theory for the case of a data set of the German automobile industry. The methods applied pay attention to biases in the coefficient estimates and the standard...
Persistent link: https://www.econbiz.de/10011802859
Empirical work studying the industry life cycle highlights the role of knowledge in various forms on the durations firms survive in the industry. This research leaves open the influence of historical events, which are reflected in macroeconomic factors like income, inflation, exports and...
Persistent link: https://www.econbiz.de/10011802890
Long-term forecasts are of key importance for the car industry due to the lengthy period of time required for the development and production processes. With this in mind, this paper proposes new multivariate models to forecast monthly car sales data using economic variables and Google online...
Persistent link: https://www.econbiz.de/10013015773
Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...
Persistent link: https://www.econbiz.de/10013097871
This paper empirically analyzes the determinants of demand in the German automobile industry. Our primary goal is to refine the existing literature on that topic by exploring the impact of uniqueness seeking behaviour of individuals on the demand schedule. Using a dataset on the segment of...
Persistent link: https://www.econbiz.de/10013156916
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between 'dirty' (internal combustion engine) and 'clean' (e.g. electric and hybrid) patents across 80 countries over several decades. We show that...
Persistent link: https://www.econbiz.de/10014161819
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between “dirty" (internal combustion engine) and “clean" (e.g. electric and hybrid) patents across 80 countries over several decades. We show that...
Persistent link: https://www.econbiz.de/10014163071