CONSUMER VALUATION OF FOREIGN AND DOMESTIC VEHICLE ATTRIBUTES: ECONOMETRIC ANALYSIS AND IMPLICATIONS FOR AUTO DEMAND

Previous models of vehicle type choice have assumed that consumer valuation of vehicle attributes was consistent across foreign and domestic vehicles. In this paper, we present a model that allows for different attribute valuations between foreign and domestic vehicles. The model was estimated using national data on households who purchased new vehicles in the fall of 1979 and the spring of 1980. The estimation results indicate the presence of a substantial difference in consumer valuation of attributes between foreign and domestic vehicles. Moreover, the results indicate that studies that ignore this dtfference will produce erroneous marginal rates of substitution and vehicle type choice elasticities, and will ultimately lead to a misinterpretation of household vehicle demand. (Author/TRRL)

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/09658564
• Corporate Authors:

  Pergamon Press, Incorporated

  Headington Hill Hall
  Oxford OX30BW,    
• Authors:
  • Mannering, F
  • Mahmassani, H
• Publication Date: 1985-5

Media Info

• Features: References; Tables;
• Pagination: p. 243-251
• Serial:
  • Transportation Research Part A: Policy and Practice
  • Volume: 19A
  • Issue Number: 3
  • Publisher: Elsevier
  • ISSN: 0965-8564
  • Serial URL: http://www.sciencedirect.com/science/journal/09658564

Subject/Index Terms

• TRT Terms: Automobiles; Consumer behavior; Decision making; Demand; Design; Econometric models; Econometrics; Economic analysis; Foreign automobiles; Households; Income; Mathematical models; Operating costs; Vehicles
• Uncontrolled Terms: Selection
• Old TRIS Terms: Foreign vehicles; User reactions
• ITRD Terms: 2248: Decision process; 285: Demand (econ); 9011: Design (overall design); 309: Household; 256: Income; 6473: Mathematical model; 221: Operating costs; 9072: Selection; 1255: Vehicle
• Subject Areas: Design; Economics; Highways; Society; Vehicles and Equipment; I91: Vehicle Design and Safety;

Filing Info

• Accession Number: 00451965
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Report/Paper Numbers: HS-039 163
• Files: ITRD, TRIS
• Created Date: May 31 1986 12:00AM