Heterogeneous car buyers: A stylized fact
AbstractWe analyze quarterly data on light vehicle sales and buyer income to show that both prices and the income of buyers fall over the model year. The result is relevant to determining the rate of quality improvement of goods.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 109 (2010)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
Price skimming Quality change;
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- Ana Aizcorbe, 2006. "Why Did Semiconductor Price Indexes Fall So Fast in the 1990s? A Decomposition," Economic Inquiry, Western Economic Association International, vol. 44(3), pages 485-496, July.
- Tim Erickson & Ariel Pakes, 2011.
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- Carol Corrado & Wendy Dunn & Maria Otoo, 2006. "Incentives and prices for motor vehicles: what has been happening in recent years?," Finance and Economics Discussion Series 2006-09, Board of Governors of the Federal Reserve System (U.S.).
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