Automobiles on steroids: Product attribute trade-offs and technological progress in the automobile sector
This paper estimates the technological progress that has occurred since 1980 in the automobile industry and the trade-offs faced when choosing between fuel economy, weight, and engine power characteristics. The results suggest that if weight, horsepower, and torque were held at their 1980 levels, fu...
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| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2012-12-05T20:14:25Z.
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| Online Access: | Get fulltext |