Replication data for: A Quantitative Analysis of the Used-Car Market

Principal Investigator(s):  View help for Principal Investigator(s) Alessandro Gavazza; Alessandro Lizzeri; Nikita Roketskiy

Version:  View help for Version V1

Name File Type Size Last Modified
  eurocar 10/27/2021 10:35:AM
LICENSE.txt text/plain 14.6 KB 10/11/2019 05:12:PM

Project Citation: 

Gavazza, Alessandro, Lizzeri, Alessandro, and Roketskiy, Nikita. Replication data for: A Quantitative Analysis of the Used-Car Market. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112709V1

Project Description

Summary:  View help for Summary We quantitatively investigate the allocative and welfare effects of secondary markets for cars. An important source of gains from trade in these markets is the heterogeneity in the willingness to pay for higher-quality (newer) goods, but transaction costs are an impediment to instantaneous trade. Calibration of the model successfully matches several aggregate features of the U.S. and French used-car markets. Counterfactual analyses show that transaction costs have a large effect on volume of trade, allocations, and the primary market. Aggregate effects on consumer surplus and welfare are relatively small, but the effect on lower-valuation households can be large.

Scope of Project

Subject Terms:  View help for Subject Terms Equilibrium analysis; calibration
JEL Classification:  View help for JEL Classification
      D23 Organizational Behavior; Transaction Costs; Property Rights
      L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment
      L81 Retail and Wholesale Trade; e-Commerce
Geographic Coverage:  View help for Geographic Coverage United States, France
Time Period(s):  View help for Time Period(s) 2000 – 2000
Universe:  View help for Universe All households in the United States and France, privately owned passenger cars in the United States and France
Data Type(s):  View help for Data Type(s) program source code

Methodology

Data Source:  View help for Data Source Consumer Expenditure Survey, Enquete Budget des Familles
Unit(s) of Observation:  View help for Unit(s) of Observation households,

Related Publications

Download this project

Published Versions

V1 [2019-10-11]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.