How vehicle market is segmented and influenced by subsidy policy: A theoretical study

doi:10.1016/j.tra.2018.10.026

CORC > 心理研究所 > 中国科学院心理研究所 > 中国科学院行为科学重点实验室

	How vehicle market is segmented and influenced by subsidy policy: A theoretical study
	Chen, Xiao1 ; Wu, Tian 2,3,4; Zheng, Rui5 ; Guo, Xiaoxian 6
刊名	TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
	2018-12-01
卷号	118 页码:776-782
关键词	Electric vehicles Vehicle consumption behavior Subsidy scheme Market segmentation Prospect theory
ISSN号	0965-8564
DOI	10.1016/j.tra.2018.10.026
通讯作者	Wu, Tian(wutian@amss.ac.cn) ; Zheng, Rui(zhengrui@psych.ac.cn)
英文摘要	This paper studies how vehicle market is segmented among consumers and what impacts subsidy policy may have on segmentation. With constant elasticity of substitution utility function and unit demand, we find positive market share for both high-end and low-end vehicles, but not necessary for middle-end vehicles. Market segmentation may have two regimes according to different levels of subsidy on electric vehicles (EVs), and only a sufficiently high subsidy allows for the existence of low type EV market share welcomed by median income consumers. An EV subsidy cut will definitely crowd out the market share of high type EV and expand that of internal combustion engine vehicle (ICEV). And given in a regime where low type EVs survive, EV subsidy cut's influence on low type EV market share is ambiguous, which depends on the relative consumer density around decision cutoff points.
资助项目	National Natural Science Foundation of China[71390331] ; National Natural Science Foundation of China[71771209] ; Special fund for research cooperation of the faculty and research institute of the University of Chinese Academy of Sciences[Y652025Y00]
WOS关键词	PRODUCT DIFFERENTIATION ; BRAND CHOICE ; PRICE ; SELECTION ; AVERSION ; MODEL
WOS研究方向	Business & Economics ; Transportation
语种	英语
出版者	PERGAMON-ELSEVIER SCIENCE LTD
WOS记录号	WOS:000452941000052
资助机构	National Natural Science Foundation of China ; Special fund for research cooperation of the faculty and research institute of the University of Chinese Academy of Sciences
内容类型	期刊论文
源URL	[http://ir.psych.ac.cn/handle/311026/27771]
专题	心理研究所_中国科学院行为科学重点实验室
通讯作者	Wu, Tian; Zheng, Rui
作者单位	1.Tsinghua Univ, Sch Econ & Management, Beijing, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, NCMIS, Beijing, Peoples R China 3.Univ Chinese Acad Sci, Sch Econ & Management, Beijing, Peoples R China 4.Chinese Acad Sci, Key Lab Big Data Min & Knowledge Management, Beijing, Peoples R China 5.Chinese Acad Sci, Inst Psychol, Key Lab Behav Sci, Beijing, Peoples R China 6.China Petr Technology & Dev Corp, Beijing, Peoples R China
推荐引用方式 GB/T 7714	Chen, Xiao,Wu, Tian,Zheng, Rui,et al. How vehicle market is segmented and influenced by subsidy policy: A theoretical study[J]. TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE,2018,118:776-782.
APA	Chen, Xiao,Wu, Tian,Zheng, Rui,&Guo, Xiaoxian.(2018).How vehicle market is segmented and influenced by subsidy policy: A theoretical study.TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE,118,776-782.
MLA	Chen, Xiao,et al."How vehicle market is segmented and influenced by subsidy policy: A theoretical study".TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE 118(2018):776-782.