The effects of replacement schemes on car sales : the Spanish case
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| Format: | Artículo científico |
| Sprache: | en |
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Fundación SEPI
2006
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| _version_ | 1876490732001296384 |
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| author | Antonio R. Sampayo |
| author_facet | Antonio R. Sampayo |
| contents | The effects of replacement schemes on car sales : the Spanish case Antonio R. Sampayo Omar Licandro Economía y Finanzas Car scrapping replacement schemes heterogeneous consumers This paper studies a model of car replacement designed to evaluate policiesaddressed to influence replacement decisions. An aggregate hazard function iscomputed from optimal replacement rules of heterogeneous consumers, whichmimics the humpshaped hazard function observed for the Spanish car market.The model is calibrated to evaluate quantitatively the Plan Prever, areplacement scheme introduced in Spain in 1997, finding that the positive effectof the subsidy is high in the short run but small in the long run for bothsales and the average age of the stock. 2006 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17330204 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXX |
| format | Artículo científico |
| id | redalyc_17330204 |
| institution | Redalyc |
| language | en |
| publishDate | 2006 |
| publisher | Fundación SEPI |
| spellingShingle | The effects of replacement schemes on car sales : the Spanish case Antonio R. Sampayo Economía y Finanzas Car scrapping replacement schemes heterogeneous consumers The effects of replacement schemes on car sales : the Spanish case Antonio R. Sampayo Omar Licandro Economía y Finanzas Car scrapping replacement schemes heterogeneous consumers This paper studies a model of car replacement designed to evaluate policiesaddressed to influence replacement decisions. An aggregate hazard function iscomputed from optimal replacement rules of heterogeneous consumers, whichmimics the humpshaped hazard function observed for the Spanish car market.The model is calibrated to evaluate quantitatively the Plan Prever, areplacement scheme introduced in Spain in 1997, finding that the positive effectof the subsidy is high in the short run but small in the long run for bothsales and the average age of the stock. 2006 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17330204 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXX |
| title | The effects of replacement schemes on car sales : the Spanish case |
| topic | Economía y Finanzas Car scrapping replacement schemes heterogeneous consumers |
| url | https://www.redalyc.org/articulo.oa?id=17330204 |