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Hedonic prices for environmental and safety characteristics and the Akerlof effect in the French car market

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Author Info

  • C. Couton
  • F. Gardes
  • Y. Thepaut

Abstract

In this paper, the computation of hedonic prices on individual panel data shows the positive valuation of environmental and safety characteristics by the market and gives some evidence of an Akerlof effect between perceived quality and the part of the market price which is not explained by car characteristics and pure inflation.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 3 (1996)
Issue (Month): 7 ()
Pages: 435-440

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Handle: RePEc:taf:apeclt:v:3:y:1996:i:7:p:435-440

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Cited by:
  1. Don Fullerton & Sarah West, 1999. "Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?," NBER Working Papers 7059, National Bureau of Economic Research, Inc.
  2. Sylvain M. Prado, 2009. "The European used-car market at a glance: Hedonic resale price valuation in automotive leasing industry," Economics Bulletin, AccessEcon, vol. 29(3), pages 2086-2099.
  3. Guillaume Gaulier & Séverine Haller, 2000. "The Convergence of Automobile Prices in the European Union: an Empirical Analysis for the Period 1993-1999," Working Papers 2000-14, CEPII research center.
  4. Ibon Galarraga & David Heres Del Valle & Mikel González-Eguino, 2011. "Price Premium for High-Efficiency Refrigerators and Calculation of Price-Elasticities for Close-Substitutes: Combining Hedonic Pricing and Demand Systems," Working Papers 2011-07, BC3.
  5. José Moraga-González & Noemi Padrón-Fumero, 2002. "Environmental Policy in a Green Market," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(3), pages 419-447, July.

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