Use this identifier to quote or link this document:

Effects of competition over quality-adjusted price indexes: an application to the Spanish automobile market
Guerra Hernández, Ana Isabel
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada
Using a newly constructed data set, we calculate quality-adjusted price indexes after estimating hedonic price regressions from 1988 to 2004 in the Spanish automobile market. The increasing competition was favoured by the removal of trade restrictions and the special plans for the renewal of the Spanish automobile fleet. We find that the increasing degree of competition during those years led to an overall drop in automobile prices by 20 percent which implied considerable consumer gains thanks to higher market efficiency. Additionally, our results indicate that loyalty relevance and discrepancies in automobile reliability declined during those years. This is captured.
Automòbils -- Indústria i comerç -- Espanya
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (
Working Paper
Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada); 0707

Full text files in this document

Files Size Format
wpdea0707.pdf 79.93 KB PDF

Show full item record