Consumers' preferences on the Swiss car market: A revealed preference approach
| Résumé |
This paper investigates demand responses to variations in the
characteristics of the vehicles. Our investigation is based on
number of sales for each model marketed over the period 2006–2015
in Switzerland, and puts particular emphasis on fuel efficiency,
curb weight, horsepower, and the potential interactions between
these attributes. We find that market shares are significantly
higher for more efficient and powerful vehicles, while light cars
are preferred to heavy ones. Our results also point to a gradual
increase of sensitivity to fuel efficiency over the last decade.
However, interaction effects between engine fuel efficiency and
power indicate a lower marginal valuation of fuel efficiency in the
market segments for relatively powerful cars, hence a lower
sensitivity to fuel efficiency among the consumers with the highest
potential for polluting emissions. Also, these findings point to
potential rebound effects, where consumers give up part of the
expected fuel savings by purchasing more powerful vehicles. |
| Mots-clés |
Willingness-to-pay; Engine fuel efficiency; Car weight; Horsepower; Rebound effect |
| Citation | Weber, S. (2019). Consumers' preferences on the Swiss car market: A revealed preference approach. Transport Policy, 75, 109-118. |
| Type | Article de périodique (Anglais) |
| Date de publication | 3-2019 |
| Nom du périodique | Transport Policy |
| Volume | 75 |
| Pages | 109-118 |
| URL | https://doi.org/10.1016/j.tranpol.2019.01.008 |
| Liée au projet | Energy Efficiency and Energy Demand: Structural Analysis ... |