CORDIS Project
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This project analyzes consumer behavior regarding automobile purchases using a unique dataset from Cyprus that tracks vehicle registrations and ownership history. It aims to develop models that reflect how consumers make decisions about durable goods over time.
Understanding consumer behavior is an important task of economics.
An automobile is the largest item most individuals will ever purchase (besides a home), hence economists have dedicated much effort in analyzing the factors that determine automobile purchase decisions.
Important methodological advances in the 1990s have made possible the estimation of rich static demand models for differentiated products like automobiles.
More recently, attention has shifted to dynamic aspects of consumer behavi…
UNIVERSITY OF CYPRUS
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