Auto Prices in the European Union: Has There Been Convergence since 1993? (notice n° 157639)
[ vue normale ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01681cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112031937.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Gaulier, Guillaume |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Auto Prices in the European Union: Has There Been Convergence since 1993? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2003.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 91 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper analyses movements in automobile-price differentials between European Union countries from 1993 to 1999. Microeconomic data for selling prices of the principal models are used to construct price series for countries using an econometric hedonic-price model. It is shown that, since the introduction of the Single Market, there has been no convergence (sigma convergence, i.e., reduction in dispersion) of the pre-tax prices applied in the various countries of the Union. However, there is a convergence mechanism operating (beta convergence), but this has not been translated into a reduction in price differentials, mainly because of currency fluctuations. Taxation varies widely from one country to another and has a considerable impact on the dispersion of pre-tax prices. The disappearance of currency fluctuations between countries belonging to the euro zone should make it possible for arbitrage mechanisms to play their full role and lead to a genuine reduction in price differentials. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | price convergence |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | European integration |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | panel data |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | automobiles |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Haller, Séverine |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Economie & prévision | o 157 | 1 | 2003-03-01 | p. 83-96 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2003-1-page-83?lang=en">https://shs.cairn.info/journal-economie-et-prevision-1-2003-1-page-83?lang=en</a> |
Pas d'exemplaire disponible.
Réseaux sociaux