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Estimation of Hedonic Prices Function for Automobile in Iran
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Esmaiel Abounoori   , Seyedali Rezvani |
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Abstract: (5943 Views) |
| From technology, security and physical points of view automobiles are different regarding Hedonic price model, price of a car is a set of implicit prices concerning different characteristics. In this article we estimate the Hedonic price models using 2009 Iranian automobile market data concerning different characteristics for small cars (Engine capacity of 2000cc and less) and large cars (Engine capacity of more than 2000cc): in Iran cars with engine capacity of 2000cc and less benefits from special petrol subsidies while this is not the care for the large cars. The results indicate that characteristics such as antilock brakes (including ABS and EBD), width, airbag, fuel consumption and engine capacity for small cars, variables such as airbag, antilock brakes(including ABS and EBD), and highs for the large cars are important from the points of view of Iranian customers and have significant effects on the car price. |
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| Keywords: Automobile Market, Price, Hedonic Function, Automobile Characteristics, Iran. |
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Type of Study: Applicable |
Subject:
سایر
Received: 2012/08/31 | Accepted: 2013/06/2 | Published: 2014/01/6
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