体育博彩

一、时间：10月15日上午10:00

二、地点：体育博彩 214室

三、主讲人：徐航天教授

四、主题：A Car for Recognition: The Heterogeneous Market Responses to the Emergence of Electric Vehicles

五、主题简介

In the automobile market, where consumers value the social recognition associated with car ownership, how would introducing a lower-cost alternative influence the market outcomes of traditional internal combustion engine vehicles (ICEVs)? Leveraging high-frequency sales data from China’s entire automobile market from 2018 to 2022, we investigate the heterogeneous market responses to the emergence of electric vehicles (EVs) across different price-tier segments. Overall, the emergence of EVs reduces ICEV sales while boosting total automobile sales. More importantly, while EV penetration is negatively associated with ICEV sales in low- and mid-end segments, it enhances ICEV sales in the high-end segment. We provide further evidence that the rise of EVs amplifies the symbolic value of high-end ICEVs, resulting in improved sales for ICEV brands with strong social recognition.

六、主讲人简介：

徐航天，湖南大学经济与贸易学院教授、副院长，从事区域和城市经济研究，在《经济研究》、Journal of Urban Economics、Canadian Journal of Economics、Journal of Regional Science、Journal of Real Estate Finance and Economics等期刊发表论文20余篇，担任Asian Economic Journal期刊副主编，主持国家自然科学基金面上和青年项目、教育部人文社科基金青年项目等。