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Economists promote energy taxes as cost-effective. But policymakers raise concerns about their regressivity, or disproportional burden on poorer families, preferring to set energy efficiency standards instead. I first show that in theory, regulations targeting energy efficiency are more...
Persistent link: https://www.econbiz.de/10012455724
time series variation in gasoline price forecasts. We then test the model using a detailed dataset based on 86 million … document how endogenous market shares and utilization, measurement error, and different gasoline price forecasts can affect the …It is often asserted that consumers undervalue future gasoline costs relative to purchase prices when they choose …
Persistent link: https://www.econbiz.de/10012460078
Notches --- where small changes in behavior lead to large changes in a tax or subsidy --- figure prominently in many policies, but have been rarely examined by economists. In this paper, we analyze a class of notches associated with policies aimed at improving vehicle fuel economy. We provide...
Persistent link: https://www.econbiz.de/10012462053
Analyses of policies to reduce gasoline consumption have focused on two effects, a compositional effect on the fuel …
Persistent link: https://www.econbiz.de/10012455697
We review what is known about the economic efficiency of fuel taxes relative to efficiency standards aimed at mitigating environmental externalities from automobiles. We present a simplified model of car choice that allows us to emphasize the relationships between fuel economy, other car...
Persistent link: https://www.econbiz.de/10012456433
reflects both the high pre-existing tax on petrol fuel and the high own-price elasticities of fuel demand in India. A tax on …
Persistent link: https://www.econbiz.de/10012458208
surplus from a higher tax on gasoline, a tax on distance, or a subsidy for buying a newer car. We introduce a view of cost …
Persistent link: https://www.econbiz.de/10012467511
calculate elasticities and to simulate the effects of alternative pollution control policies such as taxes on gasoline, on … characteristics. We find expected signs for coefficients on price and income. Car choices are relatively inelastic, however, either to … taxes on cars or to taxes on gas or distance. Thus emissions are more affected by taxes on gasoline than by taxes on …
Persistent link: https://www.econbiz.de/10012458334
What are the implications of gasoline price volatility for the design of fuel economy policies? I show that this … bind if the realized gasoline price is sufficiently high. Instead, the optimal fixed standard will be relatively relaxed … and may be non-binding even at the expected gasoline price. Finally, I show that although an attribute-based standard …
Persistent link: https://www.econbiz.de/10012455656
Regulators attest that tightened energy efficiency standards save consumers money. Efficient light bulbs, appliances, and vehicles cost more upfront but reduce energy expenses by more than enough to compensate. We use survey data on American cars and their drivers to examine whether individual...
Persistent link: https://www.econbiz.de/10012482438