English, Article, Journal or magazine article edition: Heterogeneous car buyers: a stylized fact Ana Aizcorbe; Benjamin Bridgman; Jeremy Nalewaik

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Bookmark: http://trove.nla.gov.au/version/161665
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Heterogeneous car buyers: a stylized fact
Author
  • Ana Aizcorbe
  • Benjamin Bridgman
  • Jeremy Nalewaik
Physical Description
  • preprint
Notes
  • Using a new dataset, we document a systematic pattern in the demographic characteristics of car buyers over the model year: as vehicle prices fall over the model year, so do buyer incomes. This pattern is consistent with price-insensitive buyers purchasing early in the year, while others wait until prices decline, and suggests price skimming (i.e. intertemporal price discrimination). Such consumer heterogeneity over the model year raises questions for measuring quality improvements in new goods.
  • Automobiles - Prices ; Consumer behavior
  • RePEc:fip:fedgfe:2009-12
Language
  • English
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