Estimating the Effect of Salience in Wholesale and Retail Car Markets
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https://www.nber.org/papers/w18820
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资源简介:
We investigate whether the first digit of an odometer reading is more salient to consumers than subsequent digits. We find that retail transaction prices and volumes of used vehicles drop discontinuously at 10,000-mile odometer thresholds, echoing effects found in the wholesale market by Lacetera,
提供机构:
美国国家经济研究局
创建时间:
2013-02-01



