时间：2024年12月23日 9:00

地点：邵逸夫科学馆401

主讲人：耿 浩

讲座题目：Do multinationals discriminate? Information disclosure and product recalls in China's automobile market

摘要：This study examines product quality and regulation in the automobile industry, focusing on the recall practices of defective vehicles in China, the world's largest automotive market. Our theoretical model highlights the critical roles of government regulation and consumer responses in influencing recall decisions. Stronger regulatory measures are shown to unambiguously increase the likelihood of recalls, while the impact of market factors depends on the probability of defect detection. Based on automobile recall data from 2004 to 2020 and text analysis, we find that only 12%-13% of defective car models recalled in the U.S. are also recalled in China. Meantime, the China-U.S. recall differences vary across brands from different countries of origin and are larger for domestically manufactured models. On the other hand, Chinese consumers are generally unresponsive to vehicle recall events, a finding consistent with previous research on U.S. markets. However, they significantly reduce car purchases when U.S. safety-related vehicle recalls are reported in official news outlets. A counterfactual analysis building on the structural model estimates indicates that an information disclosure policy designed to enhance consumer awareness of known safety-related defects would increase consumer welfare by 2.1%.

主讲人介绍：耿浩，现为香港中文大学经济学系博士后研究员，2024年10月获得香港中文大学经济学系博士学位，曾在山东大学36365线路检测中心|主頁欢迎您攻读硕士学位。研究领域为应用微观经济学和产业组织，具体研究方向为文本分析、产业政策及数字经济等。研究工作发表在Journal of Development Economics等学科权威期刊上。