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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
通讯作者Wu, Tian(wutian@amss.ac.cn) ; Zheng, Rui(zhengrui@psych.ac.cn)
2018-12-01
发表期刊TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
ISSN0965-8564
卷号118页码:776-782
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.
关键词Electric vehicles Vehicle consumption behavior Subsidy scheme Market segmentation Prospect theory
DOI10.1016/j.tra.2018.10.026
收录类别SCI
语种英语
项目资助者National Natural Science Foundation of China ; Special fund for research cooperation of the faculty and research institute of the University of Chinese Academy of Sciences
资助项目National Natural Science Foundation of China[71390331] ; National Natural Science Foundation of China[71771209] ; Special fund for research cooperation of the faculty and research institute of the University of Chinese Academy of Sciences[Y652025Y00]
WOS研究方向Business & Economics ; Transportation
WOS类目Economics ; Transportation ; Transportation Science & Technology
WOS记录号WOS:000452941000052
出版者PERGAMON-ELSEVIER SCIENCE LTD
关键词[WOS]PRODUCT DIFFERENTIATION ; BRAND CHOICE ; PRICE ; SELECTION ; AVERSION ; MODEL
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; Zheng, Rui
作者单位1.Tsinghua Univ, Sch Econ & Management, Beijing, Peoples R China
2.Chinese Acad Sci, Acad Math & Syst Sci, NCMIS, Beijing, Peoples R China
3.Univ Chinese Acad Sci, Sch Econ & Management, Beijing, Peoples R China
4.Chinese Acad Sci, Key Lab Big Data Min & Knowledge Management, Beijing, Peoples R China
5.Chinese Acad Sci, Inst Psychol, Key Lab Behav Sci, Beijing, Peoples R China
6.China Petr Technology & Dev Corp, Beijing, Peoples R 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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