DYNADEM

Dynamics of Automobile Demand

 Coordinatore UNIVERSITY OF CYPRUS 

 Organization address address: KALLIPOLEOS STREET 75
city: NICOSIA
postcode: 1678

contact info
Titolo: Mr.
Nome: Gregory
Cognome: Makrides
Email: send email
Telefono: -22893940
Fax: -22894115

 Nazionalità Coordinatore Cyprus [CY]
 Totale costo 144˙460 €
 EC contributo 144˙460 €
 Programma FP7-PEOPLE
Specific programme "People" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
 Code Call FP7-PEOPLE-2007-4-1-IOF
 Funding Scheme MC-IOF
 Anno di inizio 2009
 Periodo (anno-mese-giorno) 2009-08-01   -   2011-07-31

 Partecipanti

# participant  country  role  EC contrib. [€] 
1    UNIVERSITY OF CYPRUS

 Organization address address: KALLIPOLEOS STREET 75
city: NICOSIA
postcode: 1678

contact info
Titolo: Mr.
Nome: Gregory
Cognome: Makrides
Email: send email
Telefono: -22893940
Fax: -22894115

CY (NICOSIA) coordinator 0.00

Mappa


 Word cloud

Esplora la "nuvola delle parole (Word Cloud) per avere un'idea di massima del progetto.

models    records    vehicle    dynamic    behavior    data    durable    holdings    lifetime    automobile    decisions    dataset    purchase    consumers    automobiles    individuals    ownership    choices   

 Obiettivo del progetto (Objective)

'Understanding consumer behavior is an important task of economics. An automobile is the largest item most individuals will ever purchase (besides a home), hence economists have dedicated much effort in analyzing the factors that determine automobile purchase decisions. Important methodological advances in the 1990s have made possible the estimation of rich static demand models for differentiated products like automobiles. More recently, attention has shifted to dynamic aspects of consumer behavior. Durable goods pose a challenge because consumer purchase decisions depend not only on the currently available choices but also on expectations of future choices and their characteristics. They also depend on current holdings of the durable; consumers own a stock of durables which they may expand, shrink or upgrade over their lifetime according to their needs. One of the limitations of existing research is that it relies primarily on aggregate data as there is no information on consumers’ purchasing patterns over their lifetime. The proposed project aims to make a contribution to the literature by exploiting a unique dataset that records every vehicle registered in Cyprus since 1970. As of 1987, the dataset also records transfers of ownership and an identification number for the vehicle’s owner. Thus we can track every vehicle’s entire ownership history and each individuals' automobile holdings over time. We are not aware of any existing work utilizing data of such scope. A comprehensive descriptive analysis of this unique dataset will provide valuable insights into consumer behavior in durable good markets and will guide us in constructing tractable but also realistic dynamic models of consumer behavior. Such models are important for evaluating the long-term effects – at both the microeconomic and the macroeconomic level - of policies such as taxation, environmental regulation, scrapping subsidies, vehicle inspection regimes, and imports of used automobiles.'

Altri progetti dello stesso programma (FP7-PEOPLE)

SFEP (2010)

Smooth Forecasting of Evolutionary Panels

Read More  

PROFESSOR (2012)

The sources of reionization

Read More  

RLMFNC (2010)

Rabbinic Literature in Moravia from the Fifteenth to the Nineteenth Century

Read More