Effects of competition over quality-adjusted price indexes : an application to the Spanish automobile market
Guerra Hernández, Ana Isabel
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada

Date: 2007
Description: 20 p.
Abstract: Using a newly constructed data set, we calculate quality-adjusted price indexes after estimating hedonic price regressions from 1988 to 2004 in the Spanish automobile market. The increasing competition was favoured by the removal of trade restrictions and the special plans for the renewal of the Spanish automobile fleet. We find that the increasing degree of competition during those years led to an overall drop in automobile prices by 20 percent which implied considerable consumer gains thanks to higher market efficiency. Additionally, our results indicate that loyalty relevance and discrepancies in automobile reliability declined during those years. This is captured.
Rights: Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús Creative Commons
Language: Anglès
Series: Departament d'Economia Aplicada. Documents de treball
Series: Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; 0707
Document: Working paper
Subject: Automòbils ; Indústria i comerç ; Espanya



17 p, 78.1 KB

The record appears in these collections:
Research literature > Working papers > Department of Applied Economics. Working papers

 Record created 2009-07-14, last modified 2023-07-29



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