摘要翻译:
大众排放操纵丑闻的披露对大众柴油车可观察到的环境质量造成了准实验性的市场冲击。为了调查市场对这种冲击的反应,我们从一个二手车在线广告平台收集数据。我们发现在大众排放丑闻之后,二手大众柴油车的供应增加了。正的供给副作用随着操纵概率的增加而增加。此外,我们还发现操纵对二手车要价的负面影响很大。我们用二手车环境质量分类模型对这些发现进行了合理化。
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英文标题:
《Sorting on the Used-Car Market After the Volkswagen Emission Scandal》
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作者:
Anthony Strittmatter, Michael Lechner
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最新提交年份:
2019
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分类信息:
一级分类:Economics 经济学
二级分类:General Economics 一般经济学
分类描述:General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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英文摘要:
The disclosure of the VW emission manipulation scandal caused a quasi-experimental market shock to the observable environmental quality of VW diesel vehicles. To investigate the market reaction to this shock, we collect data from a used-car online advertisement platform. We find that the supply of used VW diesel vehicles increases after the VW emission scandal. The positive supply side effects increase with the probability of manipulation. Furthermore, we find negative impacts on the asking prices of used cars subject to a high probability of manipulation. We rationalize these findings with a model for sorting by the environmental quality of used cars.
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PDF链接:
https://arxiv.org/pdf/1908.09609