, controlling for a host of other influences on price. The estimated effects are statistically and economically significant … condition) see larger price declines than those with shorter remaining lives. These patterns do not seem to be driven solely by …

, and therefore different remaining lifetimes. By seeing how price differences across high and low mileage vehicles of … different fuel economies change in response to shocks to the price of gasoline, we estimate the relationship between vehicle …

inattention parameter implied by the price discontinuities. In addition, our results suggest that estimating consumer …

expensive for consumers to operate an automobile. In this paper we investigate whether consumers have adjusted to gasoline price … car markets. We find that a $1 increase in gasoline price changes the market shares of the most and least fuel …-efficient quartiles of new cars by +20% and -24%, respectively. In contrast, the same gasoline price increase changes the market shares of …

prices for two distinct reasons. First, the Internet helps consumers learn the invoice price ofdealers. Second, the referral …There is convincing evidence that the Internet has lowered the prices paid by some consumers inestablished industries … Internet lowers prices. This paper answers this questionfor the auto retailing industry. We use direct measures of search …