Motivations and Barriers Associated with the Adoption of Battery Electric Vehicles in Beijing: A Multinomial Logit Model Approach

The recent surge of the Chinese Plug-in Hybrid Electric Vehicle (PEV) market makes China the world’s largest PEV stock. A series of supportive policies in China contributed greatly to the rapid PEV adoption by limiting regular vehicles and reducing the price of PEVs. However, the role these policies play in changing references and encouraging consumers to purchase PEVs rather than conventional vehicles is not fully known. Other factors, rather than incentives, that could help maintain the current adoption trend are still unclear. The latter is especially critical in understanding how the market reacts to a gradually decreasing level of incentives to achieve the next goal of 5 million PEVs on the road by 2020 in China. Therefore, in this study the authors explored these research questions through a cross-sectional study of the current PEV market on consumers in Beijing by employing a multinomial logit model. Beijing has high levels of PEV adoptions in addition to a specific policy stimulus. The model results show significant influences of stimuli, individual socio-demographics, attitudes, charging infrastructure, and charging experiences on the adoption of PEVs over conventional vehicles. The results may help find out key interventions for policy makers to promote more PEV adoptions in China as well as other countries

Analyzing the prices of the most expensive sheet iron all over the world: Modeling, prediction and regime change

The private car license plates issued in Shanghai are bestowed the title of "the most expensive sheet iron all over the world", more expensive than gold. A citizen has to bid in an monthly auction to obtain a license plate for his new private car. We perform statistical analysis to investigate the influence of the minimal price $P_{\min}$ of the bidding winners, the quota $N_{\rm{quota}}$ of private car license plates, the number $N_{\rm{bidder}}$ of bidders, as well as two external shocks including the legality debate of the auction in 2004 and the auction regime reform in January 2008 on the average price $P_{\rm{mean}}$ of all bidding winners. It is found that the legality debate of the auction had marginal transient impact on the average price in a short time period. In contrast, the change of the auction rules has significant permanent influence on the average price, which reduces the price by about 3020 yuan Renminbi. It means that the average price exhibits nonlinear behaviors with a regime change. The evolution of the average price is independent of the number $N_{\rm{bidder}}$ of bidders in both regimes. In the early regime before January 2008, the average price $P_{\rm{mean}}$ was influenced only by the minimal price $P_{\min}$ in the preceding month with a positive correlation. In the current regime since January 2008, the average price is positively correlated with the minimal price and the quota in the preceding month and negatively correlated with the quota in the same month. We test the predictive power of the two models using 2-year and 3-year moving windows and find that the latter outperforms the former. It seems that the auction market becomes more efficient after the auction reform since the prediction error increases.Comment: 10 pages including 5 figures and 4 table

Friday the 13th: The Empirics of Bad Luck

We use the UK Labor Force survey to investigate whether the socio-economic outcomes of people born on the 13th day of the month, and of those born on Friday the 13th, differ from the outcomes of people born on more auspicious days. In many European countries, including the UK, number 13 is considered unlucky and Friday the 13th is seen as an especially unlucky day. We find little evidence that people born on the 13th or those born on Friday the 13th are significantly less likely to be employed, earn lower wages or that they are more likely to stay unmarried compared to people born on other days

On the Asymptotic Distribution of the Transaction Price in a Clock Model of a Multi-Unit, Oral, Ascending-Price Auction within the Common-Value Paradigm

Using a clock model of a multi-unit, oral, ascending-price auction, within the commonvalue paradigm, we analyse the asymptotic behaviour of the　transaction price as the number of bidders gets large. We find that even though the transaction price is determined by a (potentially small) fraction of losing drop-out bids, that price converges in probability to the ex ante unknown, true value. Subsequently, we derive the asymptotic distribution of the transaction price. Finally, we apply our methods to data from an auction of taxi license plates held in Shenzhen, China.common value, information aggregation, multi-unit auctions, taxis

The Political Economy of Industrial Policy in China: The Case of Aircraft Manufacturing

Since 1960, only one new country, Brazil, has succeeded in delivering more than one civil jet per month. Otherwise, all the countries now offering world-class planes were established in aviation by the end of World War I. This being said, low-cost producers within several of the newly emerging markets have already acquired front-end manufacturing expertise as a direct result of industrial offset contracts and/or other forms of technology transfer. In all such cases, government intervention, notably through state ownership, has been predominant, but failures have been numerous in view of the difficulty of aligning ownership structure to financial, managerial, and technological requirements and of garnering the support of domestic interest groups. In this paper the focus is China’s efforts to build a world-class aircraft manufacturing industry. In the first half of the 1990s the potential of the Chinese industry to mount a competitive challenge to Western aircraft builders was largely discounted. Nowadays, as China strives to bear the ARJ-21 project to execution and even considers entering the market for wide-bodies, the threat is taken more seriously. The growth in the Chinese air transport market has reinforced the bargaining power of national aircraft producers and authorities are giving priority to building science and technology capacity in this area. Progress in creating military/civilian synergies has proven much more modest – especially when compared to the shipbuilding industry – and better coordination in the overall industry comes a distant fourth in the explanations’ peaking order.http://deepblue.lib.umich.edu/bitstream/2027.42/40165/3/wp779.pd

The Critical Role of Public Charging Infrastructure

Editors: Peter Fox-Penner, PhD, Z. Justin Ren, PhD, David O. JermainA decade after the launch of the contemporary global electric vehicle (EV) market, most cities face a major challenge preparing for rising EV demand. Some cities, and the leaders who shape them, are meeting and even leading demand for EV infrastructure. This book aggregates deep, groundbreaking research in the areas of urban EV deployment for city managers, private developers, urban planners, and utilities who want to understand and lead change

Fisheries marketing systems and consumer preferences in Puttalam District Sri-Lanka

The aim of this study was to understand the current and historic market situation for inland fish and it’s substitutes in order to identify which of the various production opportunities presented by the seasonal tank resource might have greatest relevance for marginal communities in the Dry-zone. Regional and sub-regional market networks for fish and meat products were investigated, ranking and scoring exercises used to characterise consumer demand in rain-fed areas of North West Province and secondary data sources were used to assess historic patterns of demand and supply [PDF contains 57 pages

Oceanus.

v. 26, no. 4 (1983

An Extensive Analysis of the Business and Economic Climate of McMinnville, Oregon from 1895-1910

This report provides an analysis of the dominant industries and consumer culture of McMinnville, Oregon during the time period 1895 to 1910. It provides an array of historic photographs, maps, advertisements, census information, anecdotes, and excavation data to formulate a unique and extensive review of McMinnville\u27s business and economic history during a primary period of growth