Uniqueness seeking and demand estimation in the German automobile industry
- Autor
-
Friedrich Schiller University Jena, School of Business and Economics (Jena)
- Erschienen
- 2009-07-08
- Nummer des Discussion-Papers
-
2009-050
- Schlagwort(e)
-
Demand Estimation
Differentiated Products
Discrete Choice
- Zusammenfsg.
-
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.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- D12 - Consumer Economics: Empirical Analysis ; L11 - Production, Pricing, and Market Structure; Size Distribution of Firms ; L15 - Information and Product Quality; Standardization and Compatibility ; L62 - Automobiles; Other Transportation Equipment
