Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships
Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect equili...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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Springer US
2016
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| Online Access: | http://hdl.handle.net/1721.1/103416 https://orcid.org/0000-0002-7654-8641 |
| _version_ | 1811093552000663552 |
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| author | Silva-Risso, Jorge Zettelmeyer, Florian Busse, Meghan R. Knittel, Christopher Roland |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Silva-Risso, Jorge Zettelmeyer, Florian Busse, Meghan R. Knittel, Christopher Roland |
| author_sort | Silva-Risso, Jorge |
| collection | MIT |
| description | Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect equilibrium prices and sales of both new and used vehicles of different fuel economies. We investigate the implications of these effects for individual auto manufacturers, taking into account differences in manufacturers’ vehicle portfolios. We also investigate effects on manufacturers’ affiliated dealership networks, including effects implied by the changes in used vehicle market outcomes. |
| first_indexed | 2024-09-23T15:46:55Z |
| format | Article |
| id | mit-1721.1/103416 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T15:46:55Z |
| publishDate | 2016 |
| publisher | Springer US |
| record_format | dspace |
| spelling | mit-1721.1/1034162022-09-29T16:06:16Z Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships Silva-Risso, Jorge Zettelmeyer, Florian Busse, Meghan R. Knittel, Christopher Roland Sloan School of Management Knittel, Christopher Roland Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect equilibrium prices and sales of both new and used vehicles of different fuel economies. We investigate the implications of these effects for individual auto manufacturers, taking into account differences in manufacturers’ vehicle portfolios. We also investigate effects on manufacturers’ affiliated dealership networks, including effects implied by the changes in used vehicle market outcomes. 2016-07-01T16:43:28Z 2017-03-01T16:14:48Z 2016-05 2016-01 2016-05-23T12:16:32Z Article http://purl.org/eprint/type/JournalArticle 1570-7156 1573-711X http://hdl.handle.net/1721.1/103416 Busse, Meghan R. et al. “Who Is Exposed to Gas Prices? How Gasoline Prices Affect Automobile Manufacturers and Dealerships.” Quantitative Marketing and Economics 14.1 (2016): 41–95. https://orcid.org/0000-0002-7654-8641 en http://dx.doi.org/10.1007/s11129-016-9166-5 Quantitative Marketing and Economics Creative Commons Attribution-Noncommercial-Share Alike http://creativecommons.org/licenses/by-nc-sa/4.0/ Springer Science+Business Media New York application/pdf Springer US Springer US |
| spellingShingle | Silva-Risso, Jorge Zettelmeyer, Florian Busse, Meghan R. Knittel, Christopher Roland Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships |
| title | Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships |
| title_full | Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships |
| title_fullStr | Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships |
| title_full_unstemmed | Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships |
| title_short | Who is exposed to gas prices? How gasoline prices affect automobile manufacturers and dealerships |
| title_sort | who is exposed to gas prices how gasoline prices affect automobile manufacturers and dealerships |
| url | http://hdl.handle.net/1721.1/103416 https://orcid.org/0000-0002-7654-8641 |
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