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How vehicle market is segmented and influenced by subsidy policy: A theoretical study
Chen, Xiao1; Wu, Tian2,3,4; Zheng, Rui5; Guo, Xiaoxian6
第一作者Chen, Xiao
2018-12-01
发表期刊Transportation Research Part A: Policy and Practice
通讯作者邮箱wutian@amss.ac.cn ; chenx.09@sem.tsinghua.edu.cn
ISSN09658564
文章类型article
卷号118页码:776-782
产权排序5
摘要This paper studies how vehicle market is segmented among consumers and what impacts subsidy policy may have on segmentation. With constant elasticity of substitution utility function and unit demand, we find positive market share for both high-end and low-end vehicles, but not necessary for middle-end vehicles. Market segmentation may have two regimes according to different levels of subsidy on electric vehicles (EVs), and only a sufficiently high subsidy allows for the existence of low type EV market share welcomed by median income consumers. An EV subsidy cut will definitely crowd out the market share of high type EV and expand that of internal combustion engine vehicle (ICEV). And given in a regime where low type EVs survive, EV subsidy cut's influence on low type EV market share is ambiguous, which depends on the relative consumer density around decision cutoff points. © 2018 Elsevier Ltd
关键词Electric vehicles Vehicle consumption behavior Subsidy scheme Market segmentation Prospect theory
学科领域Competition - Economic Analysis - Electric Vehicles - Internal Combustion Engines - Vehicles
学科门类Commerce
DOI10.1016/j.tra.2018.10.026
URL查看原文
收录类别EI
语种英语
项目简介The project was co-sponsored by the National Natural Science Foundation of China (71390331, 71771209), Special fund for research cooperation of the faculty and research institute of the University of Chinese Academy of Sciences (Y652025Y00).
出版者Elsevier Ltd
引用统计
文献类型期刊论文
条目标识符http://ir.psych.ac.cn/handle/311026/27771
专题中国科学院行为科学重点实验室
通讯作者Wu, Tian
作者单位1.School of Economics and Management, Tsinghua University, China;
2.NCMIS, Academy of Mathematics and Systems Science, Chinese Academy of Sciences, China;
3.School of Economics and Management, University of Chinese Academy of Sciences, China;
4.Key Laboratory of Big Data Mining and Knowledge Management, Chinese Academy of Sciences, China;
5.Key Laboratory of Behavioral Science, Institute of Psychology, Chinese Academy of Sciences, China;
6.China Petroleum Technology and Development Corporation, China
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GB/T 7714
Chen, Xiao,Wu, Tian,Zheng, Rui,et al. How vehicle market is segmented and influenced by subsidy policy: A theoretical study[J]. Transportation Research Part A: Policy and Practice,2018,118:776-782.
APA Chen, Xiao,Wu, Tian,Zheng, Rui,&Guo, Xiaoxian.(2018).How vehicle market is segmented and influenced by subsidy policy: A theoretical study.Transportation Research Part A: Policy and Practice,118,776-782.
MLA Chen, Xiao,et al."How vehicle market is segmented and influenced by subsidy policy: A theoretical study".Transportation Research Part A: Policy and Practice 118(2018):776-782.
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