G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10783
DP10783 Innovation, Emissions Policy, and Competitive Advantage in the Diffusion of European Diesel Automobiles
Eugenio Miravete; Maria Moral; Jeff Thurk
发表日期2015-08-23
出版年2015
语种英语
摘要Spurred by Volkswagen's introduction of the TDI diesel engine in 1989, market penetration of diesel cars in Europe increased from 10% in 1990 to over 50% in 2000. Using Spanish automobile registration data, we estimate an equilibrium discrete choice, oligopoly model of horizontally differentiated products. We find that changing product characteristics and the increasing popularity of diesels leads to correlation between observed and unobserved (to the researcher) product characteristics, an aspect we allow for in the estimation. Despite widespread imitation by its rivals, Volkswagen was able to capture 32% of the potential innovation rents and diesels accounted for approximately 60% of the firm's profits. Moreover, diesels amounted to an important competitive advantage for European auto makers over foreign imports. We provide evidence that the greenhouse emissions policy enacted by European regulators, and not preferential fuel taxes, enabled the adoption of diesels. In so doing, this non-tariff policy was equivalent to a 20% import tariff; effectively cutting imports in half.
主题Industrial Organization
关键词Diesel cars Emission standards Import tariff equivalence Innovation rents
URLhttps://cepr.org/publications/dp10783
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/539614
推荐引用方式
GB/T 7714
Eugenio Miravete,Maria Moral,Jeff Thurk. DP10783 Innovation, Emissions Policy, and Competitive Advantage in the Diffusion of European Diesel Automobiles. 2015.
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