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Title:Uniqueness seeking and demand estimation in the German automobile industry PDF Logo
Authors:Guerzoni, Marco
Soellner, René
Issue Date:2009
Series/Report no.:Jena economic research papers 2009,050
Abstract: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.
Subjects:DEMAND ESTIMATION
DISCRETE CHOICE
DIFFERENTIATED PRODUCTS
JEL:D12
L11
L15
L62
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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