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On the Redesign of Accident Liability for the World of Autonomous Vehicles
Shavell, Steven - 2019
This article studies a model of liability for automobile accidents in the coming world in which automobiles will be autonomous. In that world, travelers will not be drivers, rendering liability premised on driver fault irrelevant as a means of reducing accident dangers. Moreover, no other...
Persistent link: https://www.econbiz.de/10012863279
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Merging Simulation and Projection Approaches to Solve High-Dimensional Problems
Judd, Kenneth L. - 2012
We introduce an algorithm for solving dynamic economic models that merges stochastic simulation and projection … approaches: we use simulation to approximate the ergodic measure of the solution, we construct a fixed grid covering the support … support of the ergodic measure roughly uniformly. The proposed algorithm is tractable in problems with high dimensionality …
Persistent link: https://www.econbiz.de/10013098481
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The Effects of Fiscal Stimulus : Evidence from the 2009 'Cash for Clunkers' Program
Mian, Atif R. - 2010
A key rationale for fiscal stimulus is to boost consumption when aggregate demand is perceived to be inefficiently low. We examine the ability of the government to increase consumption by evaluating the impact of the 2009 "Cash for Clunkers" program on short and medium run auto purchases. Our...
Persistent link: https://www.econbiz.de/10013138317
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Are Consumers Affected by Durable Goods Makers' Financial Distress? The Case of Auto Manufacturers
Hortacsu, Ali - 2010
The financial decisions of durable goods makers can impose spillovers on their consumers. Namely, durable goods provide a consumption stream that frequently depends on services provided by the manufacturer (e.g., warranties, parts, and maintenance). Manufacturer bankruptcy, or even the...
Persistent link: https://www.econbiz.de/10013140995
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Pounds that Kill : The External Costs of Vehicle Weight
Anderson, Michael L. - 2011
Heavier vehicles are safer for their own occupants but more hazardous for the occupants of other vehicles. In this paper we estimate the increased probability of fatalities from being hit by a heavier vehicle in a collision. We show that, controlling for own-vehicle weight, being hit by a...
Persistent link: https://www.econbiz.de/10013123307
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Who is Exposed to Gas Prices? How Gasoline Prices Affect Automobile Manufacturers and Dealerships
Busse, Meghan R. - 2012
Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect...
Persistent link: https://www.econbiz.de/10013096478
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Carwars : Trying to Make Sense of U.S.-Japan Trade Frictions in the Automobile and Automobile Parts Markets
Levinsohn, James A. - 2012
This paper tries to make sense of the recent trade dispute between the U.S. and Japan in autos and auto parts. The paper argues that there are structural differences between the way that the auto industries are organized in the U.S. and Japan, and that these differences have contributed to the...
Persistent link: https://www.econbiz.de/10013102060
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Getting Cars Off the Road : The Cost-Effectiveness of an Episodic Pollution Control Program
Cropper, Maureen - 2014
Ground-level ozone remains a serious problem in the United States. Because ozone non-attainment is a summer problem, episodic rather than continuous controls of ozone precursors are possible. We evaluate the costs and effectiveness of an episodic scheme that requires people to buy permits to...
Persistent link: https://www.econbiz.de/10013070007
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The Intergenerational Transmission of Automobile Brand Preferences : Empirical Evidence and Implications for Firm Strategy
Anderson, Soren - 2013
We document a strong correlation in the brand of automobile chosen by parents and their adult children, using data from the Panel Study of Income Dynamics. This correlation could represent transmission of brand preferences across generations, or it could result from correlation in family...
Persistent link: https://www.econbiz.de/10013074296
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Automobiles on Steroids : Product Attribute Trade-Offs and Technological Progress in the Automobile Sector
Knittel, Christopher R. - 2009
New car fleet fuel economy, weight and engine power have changed drastically since 1980. These changes represent both movements along and shifts in the "fuel economy/weight/engine power production possibilities frontier". This paper estimates the technological progress that has occurred since...
Persistent link: https://www.econbiz.de/10013157925