Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 21, 2013 erstellt
Description:
This paper investigates the impact of the unique vehicle quota system of Shanghai, China, on two Chinese markets of passenger vehicles. The empirical findings suggest that conditional on purchase of the license quota, consumers intend to purchase high-end vehicles with high price since the customers who can afford the license quota are less price sensitive. Hence, this system puts the manufacturers producing low end cars at a disadvantage