NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Makoto Ohta

Institute of Policy and Planning Sciences
University of Tsukuba
Tsukuba, Ibaraki 305-8573, JAPAN

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NBER Working Papers and Publications

October 1983Automobile Prices and Quality: Did the Gasoline Price Increase Change Consumer Tastes in the U.S.?
w1211
Did the 1973 and 1979 gasoline price rises change consumer views about the relative quality of different cars? This question is investigated by testing the null hypothesis that imputed characteristic prices have remained constant over time. A hedonic model that takes gasoline costs into account is developed and some of its theoretical implications are outlined.The statistical methods required for its estimation and for the testing of the particular null hypothesis are discussed and then used to analyze the prices of U.S. passenger cars in the used market during 1970-1981. If one does not take gasoline costs into account in such computations one must conclude that consumers changed their relative evaluations of car qualities significantly in both periods: October 1973 to April 1974 and Apri...

Published: Ohta, Makoto and Zvi Griliches. "Automobile Prices and Quality: Did the Gasoline Price Increases Change Consumer Tastes in the U.S.?" Journal of Business & Economic Statistics, Vol. 4, No. 2, (April 1986), pp. 187-198.

1976Automobile Prices Revisited: Extensions of the Hedonic Hypothesis
with Zvi Griliches
in Household Production and Consumption, Nestor E. Terleckyj, editor
 
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