TY - JOUR
T1 - The demand for cars and gasoline
T2 - A simultaneous approach
AU - Tishler, Asher
PY - 1983/1
Y1 - 1983/1
N2 - This paper develops and estimates a simple model of the demand and supply of cars and gasoline in Israel, focusing on an individual maximizing his life-time utility function under various constraints. Particular emphasis is placed on the transaction cost in a car purchase, and the fact that cars can be characterized by size and age factors which, in turn, affect running costs and maintenance costs. The empirical results show that a change in the price of gasoline (and/or the price of new cars) changes the structure of the stock of cars with respect to engine size.
AB - This paper develops and estimates a simple model of the demand and supply of cars and gasoline in Israel, focusing on an individual maximizing his life-time utility function under various constraints. Particular emphasis is placed on the transaction cost in a car purchase, and the fact that cars can be characterized by size and age factors which, in turn, affect running costs and maintenance costs. The empirical results show that a change in the price of gasoline (and/or the price of new cars) changes the structure of the stock of cars with respect to engine size.
UR - http://www.scopus.com/inward/record.url?scp=0011573264&partnerID=8YFLogxK
U2 - 10.1016/0014-2921(83)90067-3
DO - 10.1016/0014-2921(83)90067-3
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AN - SCOPUS:0011573264
SN - 0014-2921
VL - 20
SP - 271
EP - 287
JO - European Economic Review
JF - European Economic Review
IS - 1-3
ER -