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Hedonic Analysis of Reliability and Safety for New Automobiles
Author(s) -
ASHER CHERYL CARLETON
Publication year - 1992
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1992.tb00033.x
Subject(s) - multicollinearity , reliability (semiconductor) , imperfect , principal (computer security) , econometrics , database transaction , computer science , economics , business , computer security , regression analysis , power (physics) , physics , quantum mechanics , linguistics , philosophy , machine learning , programming language
This paper investigates the pricing of reliability and safety in the new automobile market to determine how well that market works under imperfect information. This study utilizes actual transaction prices for new automobiles and overcomes, through the use of principal components, some of the multicollinearity problems present in earlier studies.