Vance, Colin; Kihm, Alexander - Rheinisch-Westfälisches Institut für … - 2014
. Beyond parameterizing the influence of technical features and brand name on the retail price, our model simultaneously … generates a corresponding set of parameter estimates for the used car price, thereby allowing us to formally compare their … the price, one whose impact is higher in magnitude in the used car market than in the new car market. Large heterogeneity …