Annual miles drive used car prices
Data(s) |
2009
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Resumo |
This paper investigates whether the net benefits from owning a vehicle, proxied by annual miles driven, explain the price declines observed over a vehicle's life. We first model the household decision on how much to drive each of its vehicles. Then we empirically establish that variation in household annual miles across brands explains observed price declines. Furthermore, the effect of vehicle age on annual miles decisions (and consequently on market value) depends on household characteristics and the composition of the vehicle stock owned. |
Identificador | |
Publicador |
John Wiley & Sons Ltd. |
Relação |
DOI:10.1002/jae.1034 Engers, Maxim, Hartmann, Monica, & Stern, Steven (2009) Annual miles drive used car prices. Journal of Applied Econometrics, 24(1), pp. 1-33. |
Direitos |
Copyright © 2008 John Wiley & Sons, Ltd. |
Fonte |
School of Mathematical Sciences; Science & Engineering Faculty |
Tipo |
Journal Article |