Consumer Demand for Automobiles: A Disaggregated Market Approach
- 1 September 1982
- journal article
- Published by Oxford University Press (OUP) in Journal of Consumer Research
- Vol. 9 (2) , 195-199
- https://doi.org/10.1086/208912
Abstract
Using a disaggregated model and a three-stage least squares procedure, this paper estimates the demand for automobiles in the U.S. by size class. While the price elasticity of demand in each submarket was significantly greater than one, factors such as gasoline prices, styling changes, and demographic changes influenced each submarket differently.Keywords
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