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Analysis of product efficiency in the Korean automobile market from a consumer’s perspective
Korea Energy Economics Institute, 665-1, Naeson 2-dong, Uiwang-si, Gyeonggi-do 437-713, South Korea.
Technology Management, Economics and Policy Program (TEMEP), Seoul National University, San 56-1, Shillim-Dong, Gwanak-Gu, Seoul 151-742, South Korea.
Science and Technology Policy Institute, Specialty Construction Center 26F/27F, Shindaebang-dong, Dongjak-gu, Seoul 156-714, South Korea.
Technology Management, Economics and Policy Program (TEMEP), Seoul National University, San 56-1, Shillim-Dong, Gwanak-Gu, Seoul 151-742, South Korea.ORCID iD: 0000-0002-7902-4683
2010 (English)In: Empirical Economics, ISSN 0377-7332, E-ISSN 1435-8921, Vol. 38, no 1, 119-137 p.Article in journal (Refereed) Published
Abstract [en]

In this study we develop and describe a conceptual and methodological framework to measure technical and allocative efficiency at the product level considering consumer choice, which encompasses overall efficiency. Empirically, we combined data envelopment analysis and a discrete choice model in order to measure efficiency levels. The suggested framework is applied to the Korean automobile market. The relationship between the level of efficiency and market performance is discussed in terms of market share. ©Springer-Verlag 2009.

Place, publisher, year, edition, pages
2010. Vol. 38, no 1, 119-137 p.
Keyword [en]
allocative efficiency; automobile industry; data envelopment analysis; discrete choice analysis; technical efficiency, South Korea
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-24490DOI: 10.1007/s00181-009-0258-xScopus ID: 2-s2.0-77951128750OAI: oai:DiVA.org:hj-24490DiVA: diva2:742715
Available from: 2014-09-02 Created: 2014-09-01 Last updated: 2016-01-14Bibliographically approved

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