Structural estimation of price adjustment costs in the European car market

The Evolution of Price Dispersion in the European Car Market¤

Car prices in Europe are characterized by large and persistent di®erences across countries. The purpose of this paper is to document and explain this price dispersion. Using a panel data set extending from 1980 to 1993, we ̄rst demonstrate two main facts concerning car prices in Europe: (1) The existence of signi ̄cant di®erences in quality adjusted prices across countries, with Italy and the U....

Market Structure and Price Adjustment in the Iranian Tea Market

market structure and price adjustment in the iranian tea market

Price Anomalies in the Used Car Market

Using two different samples – one based on newspaper advertisements, the other Internet-based – we identify some price anomalies in the used car market in the Netherlands. First, prices of used cars depend on their age in calendar years rather than months. Second, there is some evidence that crossing 100,000 km induces a sudden additional price reduction. Third, a new license plate format, some...

Price discrimination and price sensitivity in the car market

The model in Verboven (2002) is extended to include non-zero price elasticities and behavior in the fuel market is modelled explicitly. With the use of simulations it is shown, that this makes quite a difference and, therefore, might lead to bias in parameter estimates