Uniqueness seeking and demand estimation in the German automobile industry
نویسندگان
چکیده
This paper empirically analyzes the determinants of demand in the German automobile industry. Our primary goal is to refine the existing literature on that topic by exploring the impact of uniqueness seeking behaviour of individuals on the demand schedule. Using a dataset on the segment of compact cars in the German market, we show that consumers have an intrinsic need for uniqueness seeking, and the degree a product satisfies this need is to be considered as an additional product characteristic. JEL classification: D12, L11, L15, L62
منابع مشابه
A Nonlinear Model of Economic Data Related to the German Automobile Industry
Prediction of economic variables is a basic component not only for economic models, but also for many business decisions. But it is difficult to produce accurate predictions in times of economic crises, which cause nonlinear effects in the data. Such evidence appeared in the German automobile industry as a consequence of the financial crisis in 2008/09, which influenced exchange rates and a...
متن کاملSurvival Analysis in Product Life Cycle Investigations: An Assessment of Robustness for the German Automobile Industry
We apply various re nements of survival regression to assess the results of some basic speci cations based on product life cycle theory for the case of a data set of the German automobile industry. The methods applied pay attention to biases in the coe cient estimates and the standard errors, the discrete nature of the duration data and the presence of unobserved heterogeneity. Robust estimatio...
متن کاملAdvertising and consumer choice: A model for the Spanish automobile industry of the 90 ́s
This paper assesses the role of advertising in the demand of a differenciated and infrequently purchased good market. Advertising enters directly in the demand as goodwill stock with decreasing returns. Demand is specified and estimated in a discrete choice model approach, which allows us to compute the predatory and spillover effects of advertising and different sensibilities to advertising ac...
متن کاملDesigning An After-Sales Service Curriculum Model For The Automotive Industry In Iran
Purpose: After sales service includes a wide range of services and provides the basis for long and easy use of the product. The present study was conducted with the aim of designing after sales service curriculum pattern of automobile industry in Iran. Methodology: This was a mixed exploratory study (qualitative and quantitative). The research population in both qualitative and quantitative pa...
متن کاملDesigning the Model of Strategic Planning Systems in Automobile Industry with Using System Dynamics Approach
Strategic planning increases the probability of reaching goals with the optimal use of organization resources by determine the organization strategic goals, identify and select the suitable strategies to achieve selected goals and develop the organization strategic capability. In this study not only identify the various models in strategic planning systems, but also presented the features of a...
متن کامل