我国市场一体化研究 ------基于价格发散理论和轿车市场的实证分析
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| Title | Price Dispersion in China’s Domestic Passenger Cars Markets:Theoretical and Empirical Analysis
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| 作者 | 余林徽 路江涌 |
| Author | Yu Linhui and Lu Jiangyong |
| 作者单位 | 香港大学经济及工商管理学院 北京大学光华管理学院 |
| Organization | Business and Economics, The University of Hongkong；Guanghua School of Management, Peking University |
| 作者Email | yulh@hku.hk；lujiangyong@gsm.pku.edu.cn |
| 中文关键词 | 乘用型轿车 市场一体化 整合度 价格发散 |
| Key Words | Car Industry; Market Fragmentation; Price Dispersion; Regional Inequality |
| 内容提要 | 本文利用我国各地国产乘用型轿车的销售价格数据，考察了2004至2006年我国乘用型轿车区域市场一体化的程度及其变化趋势。Hedonic价格模型估算结果显示，各地轿车销售价格存在着显著差异，且差异呈现出逐年增大的趋势，表明以国产乘用车为代表的我国商品市场依然存在一体化程度不高和市场分割等问题。本文尝试运用需求和供给分析框架解释了造成市场分割的原因，最终的经验证据也很好地佐证了我们的理论假说：以各地收入不均衡为代表的地区需求不均衡和各地的商品供应不均衡是造成我国区域市场分割的重要原因。 |
| Abstract | Using monthly selling prices of 20 cars in China’s 36 big cities during 2004-2006, this paper investigates the Law of One Price in China’s domestically-manufactured passenger car markets. We find rising price dispersion for almost all 20 cars in China’s big cities during the period examined, and this trend is further confirmed after the physical characteristics of cars are controlled for by Hedonic pricing models. We try to explain the rising price gap under the demand of supply framework facing car users and oligopolistic car producers. Our empirical findings indicate that the increasing inequality of car demand and car supply among different cities both have significant impacts on the rising price dispersion of passenger cars in China, but supply inequality has more explanation power on the market fragmentation of China’s passenger car markets than the demand inequality. |
| 文章编号 | WP90 |
| 登载时间 | 2011-07-19 |
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