The future of internal combustion engine-powered automobiles hangs in the balance unless clean fuels are available commercial quantities. Electricity-powered vehicles will displace automobiles. However, electricity-powered yet to meet some automobile demands. A paradigm shift with attendant infrastructural change is necessary for its adoption. Synthetic promise be solution. Their invention date...

While the prices of many products such as automobiles, boats, jewelry and musical instruments are commonly negotiated, many firms have begun offering their consumers the option to purchase at a fixed price. This research examines the impact of a firm’s choice of a no-haggle, fixed-price policy in a market where all its competitors continue to negotiate. Using the automobile manufacturer, Toyota...

We run a large field experiment with an online company specializing in selling used automobiles via ascending auctions. We manipulate experimentally the “price grid,” or the possible amounts that bidders can bid above the current standing price. Using two diverse auction sites, one in New York and one in Texas, we find that buyer and seller behavior differs strikingly across the two sites. Spec...

This paper uses data on automobile purchases to compare two alternatives to the multinomial logit model. The results indicate that the nested logit model is likely to be superior to the more general Berry–Levinsohn–Pakes model for applications using aggregate-level data.  2000 Elsevier Science S.A. All rights reserved.

The cognitive car can be regarded as the future form of urban vehicles. Cognitive car implies intelligence not in an isolated form that involves just internal functionality, but also in the context of group that would include neighbouring vehicles and an intelligent transportation system (ITS). The cognitive car would adjust itself for optimum operation (in terms of safety, fuel, traffic, and e...