Consumer preferences and financial incentives in the Japanese automobile industry

The authors investigate the automobile preferences of consumers and evaluate financial incentives designed to promote automobiles of higher fuel economy in Japan from sales data. They explore two different groups of consumers, namely, general consumers and selective consumers, according to their fuel economy preferences. Then they estimate the effectiveness of financial incentives and the price sensitivity of such incentives to different groups of consumers. The authors use ordered logit, linear regression, and simultaneous equations. Estimates suggest that only tax incentives are effective for general consumers, thereby implying a need to improve Japanese policies.

Language

  • English

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Filing Info

  • Accession Number: 01717878
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 19 2019 3:08PM