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학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2014.1
- 수록면
- 283 - 307 (25page)
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This paper analyzes the demand structure of passenger cars by estimating expenditure and opportunity cost equations separately under a censored regression model with latent floating censoring thresholds. An expensive durable good such as a passenger car is consumed at the expense of the foregone consumption of other goods and services or saving. A consumer accepts a price offer of a car when the worth specified by the price stream exceeds the reservation threshold specified by the opportunity cost, and the price is realized as expenditure. The expenditure increases with net wealth and income, while the opportunity cost decreases with income; however it increases with squared income and the number of owned cars. This implies that even a very rich person (household) would not demand an additional car, despite additional income, because the utility is already saturated and there are physical constraints against further consumption. By simulations, the probability of purchasing a car is demonstrated. The analyzing method can be generalized and extended directly to the cases of other expensive durable goods.
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참고문헌 (20)
참고문헌 신청
Amemiya, T. / 1985 / Advanced Econometrics / Basil Blackwell
AmitaMajumder / 2002 / On the Distributional Effect of Commodity Tax Reform / Journal of Economic Research (JER) 7 (1) : 105 ~ 116
Berry, S. / 1995 / Automobile prices in market equilibrium / Econometrica 63 : 841 ~ 890
Berry, S. / 2004 / Differentiated products demand system from a combination of micro and macro data : The new car market / Journal of Political Economy 112 (1) : 68 ~ 105
Dargay, J. M. / 2002 / Determinants of car ownership in rural and urban areas : A pseudo-panel analysis / Transportation Research Part E 38 : 351 ~ 366
AmitaMajumder / 2002 / On the Distributional Effect of Commodity Tax Reform / Journal of Economic Research (JER) 7 (1) : 105 ~ 116
Berry, S. / 1995 / Automobile prices in market equilibrium / Econometrica 63 : 841 ~ 890
Berry, S. / 2004 / Differentiated products demand system from a combination of micro and macro data : The new car market / Journal of Political Economy 112 (1) : 68 ~ 105
Dargay, J. M. / 2002 / Determinants of car ownership in rural and urban areas : A pseudo-panel analysis / Transportation Research Part E 38 : 351 ~ 366
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