Arbeitspapier
The Determinants of Equity Transmission Between the New and Used Car Markets – A Hedonic Analysis
Drawing on a data set containing 371,082 observations on new and used cars from 2008, this study employs a hedonic model to estimate the determinants of prices in the primary and secondary car markets in Germany. We are specifically interested in identifying those vehicle attributes that are responsible for retaining the car's value in the used car market. Beyond parameterizing the influence of technical features and brand name on the retail price, our model simultaneously generates a corresponding set of parameter estimates for the used car price, thereby allowing us to formally compare their magnitudes across the two markets. This comparison reveals that fuel consumption, in particular, is an important determinant of the price, one whose impact is higher in magnitude in the used car market than in the new car market. Large heterogeneity in how cars hold their investment value is also seen to depend on body type and brand/model name.
- ISBN
-
978-3-86788-596-6
- Sprache
-
Englisch
- Erschienen in
-
Series: Ruhr Economic Papers ; No. 521
- Klassifikation
-
Wirtschaft
Marketing
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
- Thema
-
retail prices
used car prices
hedonic model
Germany
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kihm, Alex
Vance, Colin
- Ereignis
-
Veröffentlichung
- (wer)
-
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (wo)
-
Essen
- (wann)
-
2014
- DOI
-
doi:10.4419/86788596
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kihm, Alex
- Vance, Colin
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Entstanden
- 2014
Ähnliche Objekte (12)
Do Fewer People Mean Fewer Cars? – Population Decline and Car Ownership in Germany
Marginal Effects and Significance Testing with Heckman's Sample Selection Model: A Methodological Note
From fuel taxation to efficiency standards: A wrong turn in European climate protection?
Competing forces in the German new car market: How do they affect diesel, PHEV, and BEV sales?
Do fewer people mean fewer cars? Population decline and car ownership in Germany
DISCO: DISaggregate Car Ownership
Does parenthood make happy people happier? A lifecycle analysis using panel quantile regression
Future Pain at the Diesel Pump? Potential Effects of the European Commission's Energy Taxation Proposal
Land Conversion and Market Equilibrium – Insights from a Simulated Landscape
The Phantom Menace of Omitted Variables – A Comment
Driving for Fun? – A Comparison of Weekdays and Weekend Travel
On Home Energy Reports and Boomerangs: Evidence from Austria
Do Fewer People Mean Fewer Cars? – Population Decline and Car Ownership in Germany
Marginal Effects and Significance Testing with Heckman's Sample Selection Model: A Methodological Note
From fuel taxation to efficiency standards: A wrong turn in European climate protection?
Competing forces in the German new car market: How do they affect diesel, PHEV, and BEV sales?
Do fewer people mean fewer cars? Population decline and car ownership in Germany
DISCO: DISaggregate Car Ownership
Does parenthood make happy people happier? A lifecycle analysis using panel quantile regression
Future Pain at the Diesel Pump? Potential Effects of the European Commission's Energy Taxation Proposal
Land Conversion and Market Equilibrium – Insights from a Simulated Landscape
The Phantom Menace of Omitted Variables – A Comment
Driving for Fun? – A Comparison of Weekdays and Weekend Travel
On Home Energy Reports and Boomerangs: Evidence from Austria
Do Fewer People Mean Fewer Cars? – Population Decline and Car Ownership in Germany
Marginal Effects and Significance Testing with Heckman's Sample Selection Model: A Methodological Note
From fuel taxation to efficiency standards: A wrong turn in European climate protection?
Competing forces in the German new car market: How do they affect diesel, PHEV, and BEV sales?
Do fewer people mean fewer cars? Population decline and car ownership in Germany
DISCO: DISaggregate Car Ownership
Does parenthood make happy people happier? A lifecycle analysis using panel quantile regression
Future Pain at the Diesel Pump? Potential Effects of the European Commission's Energy Taxation Proposal
Land Conversion and Market Equilibrium – Insights from a Simulated Landscape
The Phantom Menace of Omitted Variables – A Comment
Driving for Fun? – A Comparison of Weekdays and Weekend Travel