Busse, Meghan R.; Lacetera, Nicola; Pope, Devin G.; … - 2021
, echoing effects found in the wholesale market by Lacetera, Pope and Sydnor (2012). Our results reveal that retail consumers … devote limited attention to evaluating vehicle mileage, and that this drives effects in the wholesale market. We estimate the …-level structural parameters using data from an intermediate market can give misleading results …