정부의 보조금 수준이 전기차 시장 확대 및 전기차 업체의 성과에 미치는 영향The Impact of the Level of Government Financial Subsidy on the Electric Vehicle Market Expansion and Electric Vehicle Manufacturers’ Performance
- Other Titles
- The Impact of the Level of Government Financial Subsidy on the Electric Vehicle Market Expansion and Electric Vehicle Manufacturers’ Performance
- Authors
- 유은솔; 김기훈
- Issue Date
- 2019
- Publisher
- 한국경영과학회
- Keywords
- Electric Vehicle (EV); Electric Vehicle (EV) Market Size; Subsidy for Electric Vehicles (EVs); Vertical Differentiation
- Citation
- 경영과학, v.36, no.2, pp.85 - 100
- Indexed
- KCI
- Journal Title
- 경영과학
- Volume
- 36
- Number
- 2
- Start Page
- 85
- End Page
- 100
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/69997
- DOI
- 10.7737/KMSR.2019.36.2.085
- ISSN
- 1225-1100
- Abstract
- Several developed countries including South Korea have been providing fixed financial subsidy to electric vehicle consumers. To analyze the impact of government financial subsidy on the electric vehicle (EV) market expansion and competing EV manufacturers’ performance, a stylized game-theoretic model of the competition between two EV manufacturers is provided. As the fixed subsidy increases, the EV market size and the social welfare increase linearly; the market size and profit of the low-value EV manufacturer increases faster than those of the high-value one. As the low-value EV manufacturer improves its value to consumers, when the production cost difference is small, the high-value EV manufacturer’s market size may increase until the latter’s EV value reaches a certain threshold.
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Collections - Korea University Business School > Department of Business Administration > 1. Journal Articles
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