Search for an affordable clean car: Pricing of conventional and clean automobiles
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F45773009%3A_____%2F23%3AN0000011" target="_blank" >RIV/45773009:_____/23:N0000011 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/abs/pii/S1361920923001359?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S1361920923001359?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.trd.2023.103738" target="_blank" >10.1016/j.trd.2023.103738</a>
Alternative languages
Result language
angličtina
Original language name
Search for an affordable clean car: Pricing of conventional and clean automobiles
Original language description
UK has one of the world’s largest automobile markets, with a growing share of alternative fuel vehicles (AFVs), and a great importance to the economy. However, an extensive insight into the price drivers of conventional vehicles (CVs) and AFVs is lacking in the literature. Therefore, this paper estimates the determinants of automobile prices, applying a hedonic pricing model to a novel, extensive dataset of 2008–19. Using adaptive Lasso and weighted quantile regressions, the key drivers of prices are performance and size, with the effect growing stronger with prices. More specifically, one standard deviation increase of engine power and weight increases prices by 16.9% and 14.7% respectively. AFVs display a significantly greater sensitivity to changes in car characteristics compared to CVs, especially to changes in performance, emissions, and equipment. Furthermore, hedonic price indices show that about 65% of the price increase in 2008–19 was caused solely by improvements in vehicle quality.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Transportation Research Part D: Transport and Environment
ISSN
1361-9209
e-ISSN
1879-2340
Volume of the periodical
118
Issue of the periodical within the volume
May
Country of publishing house
GB - UNITED KINGDOM
Number of pages
12
Pages from-to
103738
UT code for WoS article
001007136200001
EID of the result in the Scopus database
2-s2.0-85152491275