|
EconStor >
Bank of Canada, Ottawa >
Bank of Canada Working Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53909
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Wakamori, Naoki | | en_US |
| dc.date.accessioned | | 2011-12-06 | | en_US |
| dc.date.accessioned | | 2011-12-15T12:58:04Z | | - |
| dc.date.available | | 2011-12-15T12:58:04Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/53909 | | - |
| dc.description.abstract | | Consumers often purchase more than one differentiated product, assembling a portfolio, which might potentially affect substitution patterns of demand and, as a consequence, oligopolistic firms' pricing strategies. This paper studies such consumers' portfolio considerations by developing a structural model that allows for flexible complementarities/substitutabilities depending on consumer attributes and product characteristics. I estimate the model using Japanese household-level data on automobile purchasing decisions. My estimates suggest that complementarities arise when households purchase a combination of one small automobile and one minivan as their portfolio. Ignoring such effects leads to a overstated counterfactual analysis. Simulation results suggest that a policy proposal of repealing the current tax subsidies for small ecofriendly automobiles would decrease the demand for those automobiles by 9%; less than the 14% drop predicted by a standard single discrete choice model. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Bank of Canada Ottawa | | en_US |
| dc.relation.ispartofseries | | Bank of Canada Working Paper 2011,27 | | en_US |
| dc.subject.jel | | D4 | | en_US |
| dc.subject.jel | | L5 | | en_US |
| dc.subject.jel | | Q5 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Economic models | | en_US |
| dc.subject.keyword | | Market structure and pricing | | en_US |
| dc.title | | Portfolio considerations in differentiated product purchases: An application to the Japanese automobile market | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 678352178 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Bank of Canada Working Papers
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|