1,721,044 research outputs found
Replication Data for: "Sales, Quantity Surcharge, and Consumer Inattention"
No full textClerides, Sofronis, and Courty, Pascal, (2017) "Sales, Quantity Surcharge, and Consumer Inattention." Review of Economics and Statistics 99:2, 357-370
Replication Data for: "Sales, Quantity Surcharge, and Consumer Inattention"
No full textClerides, Sofronis, and Courty, Pascal, (2017) "Sales, Quantity Surcharge, and Consumer Inattention." Review of Economics and Statistics 99:2, 357-370
Gains from trade in used goods: Evidence from automobiles
No full textI investigate the welfare effects of trade liberalization by exploiting a natural policy experiment in the economy of Cyprus. A 1993 law relaxed import restrictions on used vehicles and enabled the importation of second-hand Japanese automobiles into the country. This led to a dramatic shift of consumer purchases from new to used cars and a substantial expansion of the overall market. Welfare gains computed from a structural demand system average $2000 per purchaser per year over a four-year period after the policy change. The findings are suggestive of the potential for substantial gains from liberalizing trade in used goods.Automobile industry Gains from trade Used goods Trade liberalization Cyprus F14 L13 L92
Gains From Trade in Used Goods: Evidence from the Global Market for Automobiles
No full textThis Paper investigates the welfare effects of trade liberalization by exploiting a natural policy experiment in the small open economy of Cyprus. A 1993 law relaxed import restrictions on used vehicles and facilitated the flow of used Japanese vehicles into the country. This led to a dramatic shift of consumer purchases from new to used cars and a substantial expansion of the overall market. Estimated welfare gains are of the order of several hundred dollars per purchaser. The findings are indicative of the potential for substantial gains from liberalizing trade in used goods, which could also alter trade flows and production.automobile industry; differentiated products; gains from trade; trade liberalization; used goods
Trade-Inducing Quality Standards for Used Durables
No full textWe construct a theoretical framework to study the impact of asymmetric quality standards on used durable goods on trade flows, profits and consumer welfare. We show that asymmetry in quality standards generates trade in used goods from high to low standard countries while at the same time reducing trade in new goods. The industry in the exporting country benefits from this change while consumers lose out. Consumers in the importing country are the biggest beneficiaries, but domestic industry is hurt. These results suggest that quality standards on used goods are a powerful policy tool whose use should be monitored by the WTO.durable goods; quality standards; trade in used goods; used durables
Quality standards for used durables: An indirect subsidy?
No full textWe construct a theoretical framework to study the impact of quality standards for used durable goods on trade [fl]ows, pro[fi]ts and consumer welfare. We show that asymmetric quality standards generate trade in used goods from high- to low-standard countries while at the same time reducing trade in new goods. Producers in the exporting country bene[fi]t from this change while consumers lose. In the importing country consumers are better off but domestic industry is hurt. These [fi]ndings suggest that quality standards on used goods may be a powerful policy tool whose use should be monitored by the WTO.
The effect of standards and fuel prices on automobile fuel economy: An international analysis
No full textThere is an intense debate over whether fuel economy standards or fuel taxation is the more efficient policy instrument to raise fuel economy and reduce CO2 emissions of cars. The aim of this paper is to analyze the impact of standards and fuel prices on new-car fuel economy with the aid of cross-section time series analysis of data from 18 countries. We employ a dynamic specification of new-car fuel consumption as a function of fuel prices, standards and per capita income. It turns out that standards have induced considerable fuel savings throughout the world, although their welfare impact is not examined here. If standards are not further tightened then retail fuel prices would have to remain at high levels for more than a decade in order to attain similar fuel savings. Finally, without higher fuel prices or tighter standards, one should not expect any marked improvements in fuel economy under 'business as usual' conditions.
Love thy Neighbour, Love thy Kin: Strategy and Bias in the Eurovision Song Contest
No full textThe annual Eurovision Song Contest provides a setting where Europeans can express their sentiments about other countries without regard to political sensitivities. Analyzing voting data from the 25 contests between 1981-2005, we find strong evidence for the existence of clusters of countries that systematically exchange votes regardless of the quality of their entries. Cultural, geographic, economic and political factors are important determinants of point exchanges. Factors such as order of appearance, language and gender are also important. There is also a substantial host country effect. We find some evidence of reciprocity but no evidence of strategic voting.Eurovision; reciprocity; social networks
Are standards effective in improving automobile fuel economy? An international panel analysis
No full textThere is an intense debate over whether fuel economy standards or fuel taxation is the more
appropriate policy instrument to raise fuel economy and reduce CO2 emissions of cars. The
aim of this paper is to analyze the impact of standards and fuel prices in new car fuel
economy with the aid of cross-section time series analysis of data from 18 countries. We
employ a dynamic specification of new car fuel consumption as a function of fuel prices,
standards and per capita income. Results are used to address policy questions that are
currently in the center of discussions worldwide: to what extent the implementation of fuel
economy standards has yielded fuel savings; how much fuel prices should rise in order to
increase fuel economy without tightening standards; and whether autonomous fuel economy
improvements should be expected in the absence of regulations or fiscal policy instruments
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