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A platform for research: civil engineering, architecture and urbanism
Consumer preferences and financial incentives in the Japanese automobile industry
Abstract We investigate the automobile preferences of consumers and evaluate financial incentives designed to promote automobiles of higher fuel economy in Japan from sales data. We explore two different groups of consumers, namely, general consumers and selective consumers, according to their fuel economy preferences. Then we estimate the effectiveness of financial incentives and the price sensitivity of such incentives to different groups of consumers. We use ordered logit, linear regression, and simultaneous equations. Estimates suggest that only tax incentives are effective for general consumers, thereby implying a need to improve Japanese policies.
Highlights Financial incentives were estimated to increase the fuel economy level. Only tax incentives are effective for increasing fuel-efficient automobiles. Overall, financial incentives are not effective in Japan. Japanese fuel economy standards must be improved to promote more cars.
Consumer preferences and financial incentives in the Japanese automobile industry
Abstract We investigate the automobile preferences of consumers and evaluate financial incentives designed to promote automobiles of higher fuel economy in Japan from sales data. We explore two different groups of consumers, namely, general consumers and selective consumers, according to their fuel economy preferences. Then we estimate the effectiveness of financial incentives and the price sensitivity of such incentives to different groups of consumers. We use ordered logit, linear regression, and simultaneous equations. Estimates suggest that only tax incentives are effective for general consumers, thereby implying a need to improve Japanese policies.
Highlights Financial incentives were estimated to increase the fuel economy level. Only tax incentives are effective for increasing fuel-efficient automobiles. Overall, financial incentives are not effective in Japan. Japanese fuel economy standards must be improved to promote more cars.
Consumer preferences and financial incentives in the Japanese automobile industry
Yoo, Sunbin (author) / Yoshida, Yoshikuni (author)
Transport Policy ; 81 ; 220-229
2019-07-08
10 pages
Article (Journal)
Electronic Resource
English
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