Cantos-Sánchez, Pedro; Gutiérrez-i-Puigarnau, Eva; … - Volkswirtschaftliche Fakultät, … - 2015
We evaluate the impact of the Spanish car scrappage program introduced in May 2009 on short-run car purchases. The … scrappage program was simultaneously discussed and implemented, and was therefore exogenous to the consumers. We analyse the … effect of this program on household new car purchase decision and household expenditures. The results show that the scrappage …