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Environmental Change and Hedonic Cost Functions for Automobiles / Steven Berry, Samuel Kortum, Ariel Pakes.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Berry, Steven.
Contributor:
National Bureau of Economic Research.
Kortum, Samuel.
Pakes, Ariel.
Series:
Working Paper Series (National Bureau of Economic Research) no. w5746.
NBER working paper series no. w5746
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 1996.
Summary:
This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry. We estimate cost functions characteristics. Then we examine how this cost surface has changed over time and how these changes relate to changes in gas prices and in emission standard regulations. We also briefly consider the related questions of how changes in automobile characteristics, and in the rate of patenting, are related to regulations and gas prices.
Notes:
Print version record
September 1996.

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