The Excess Demand for Used Cars
The goal of this chapter is to show the appropriateness of using used-car market data as a proxy of one of the socio-economic recovery activity indicators after the Great East Japan Earthquake and Tsunami (RQ1a). In Chap. 2, the author describes the news reports and the interviews with used-car dealers which revealed people in the disaster-impacted area needed to buy used cars when they started to rebuild their daily lives, such as going to workplaces. In this chapter, by conducting quantitative analysis to support the findings of Chap. 2. Also, the study further clarifies what types of used cars and what kinds of car features were demanded in the disaster-stricken area and when. The finding of this chapter is that lower-price used cars and used cars with larger carrying capacity were particularly needed in the disaster-damaged area after the Great East Japan Earthquake and Tsunami. In addition, the author finds that car types which people in the damaged area needed depend on the phase of recovery. By showing there was the excess demand for used cars, this chapter supports that the used-car market data is appropriate to be used as a proxy of the socio-economic recovery activities. The rest of this chapter is constructed as follows. First, In Sect. 4.1, the data for the study is introduced. In Sect. 4.2, the model is explained. Section 4.3 provides the results of the analysis, which the author discusses the results in 4.4. Lastly, the chapter is concluded in Sect. 4.5.
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