Análisis de elasticidades en el mercado automotor colombiano (2009 - 2011) mediante un modelo logit anidado

ANALYSIS OF ELASTICITY IN COLOMBIAN AUTOMOTIVE MARKET (2009 - 2011) THROUGH A NESTED LOGIT MODEL

Dennis Sánchez Navarro
Authors registered in the RePEc Author Service: Dennis Sanchez-Navarro

MPRA Paper from University Library of Munich, Germany

Abstract: El presente documento busca analizar el comportamiento de los hogares colombianos en la compra de vehículo nuevo para uso particular, y modelar el funcionamiento de la demanda de vehículos particulares en Colombia, entre 2009 y 2011. Esto a partir de la estimación de un modelo logit anidado que permite tomar como variables explicativas las características o atributos de los vehículos como determinantes de la decisión de compra de vehículo. Finalmente, se estiman las elasticidades con el fin de analizar el grado de sustituibilidad o contestabilidad del mercado automotor en Colombia. This paper analyzes the behavior of Colombian households in purchasing a new vehicle for private use, and model the performance of the demand for private vehicles in Colombia, between 2009 and 2011. This paper estimates a Nested Logit model that takes the characteristics or attributes of vehicles as explicative variables as determinants of the vehicle purchase decision. Finally, the elasticities are estimated in order to analyze the substitutability or contestability automotive market in Colombia.

Keywords: nested logit; demand; elasticity; sustituibility; Colombia. (search for similar items in EconPapers)
JEL-codes: C39 C53 D12 L62 (search for similar items in EconPapers)
Date: 2013-02-28
New Economics Papers: this item is included in nep-tre
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