| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16283 |
| DP16283 Dynamics of Expenditures on Durable Goods: the Role of New-Product Quality | |
| Fabio Bertolotti; Alessandro Gavazza; Andrea Lanteri | |
| 发表日期 | 2022-01-17 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We study the role of new-product quality for the dynamics of durable-goods expenditures around the Great Recession. We assemble a rich dataset on US new-car markets during 2004-2012, combining data on transaction prices with detailed information about vehicles' technical characteristics. During the recession, a reallocation of expenditures away from high-quality new models accounts for a significant decline in the dispersion of expenditures. In turn, car manufacturers introduced new models of lower quality. The drop in new-model quality persistently depressed the technology embodied in vehicles, and likely contributed to the slow recovery of expenditures. |
| 主题 | Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp16283-0 |
| 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/545843 |
| 推荐引用方式 GB/T 7714 | Fabio Bertolotti,Alessandro Gavazza,Andrea Lanteri. DP16283 Dynamics of Expenditures on Durable Goods: the Role of New-Product Quality. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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