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Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the U ….S. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline … expenditures, we consistently find the price elasticity of demand to be an order of magnitude larger than estimates from recent …
Persistent link: https://www.econbiz.de/10012456331
The dramatic increase in gasoline prices from close to $1 in 1999 to $4 at their peak in 2008 made it much more … expensive for consumers to operate an automobile. In this paper we investigate whether consumers have adjusted to gasoline price … car markets. We find that a $1 increase in gasoline price changes the market shares of the most and least fuel …
Persistent link: https://www.econbiz.de/10012463059
to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline … estimates suggest that a 10% increase in gasoline prices from 2005 levels will generate a 0.22% increase in fleet fuel economy …
Persistent link: https://www.econbiz.de/10012464197
patterns is important, especially for the poor. Combining anthropometric and time-use data for India, we construct a … consumption data to examine how caloric requirements coupled with household expenditures shape food demand. Our applications …
Persistent link: https://www.econbiz.de/10012456973
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
this prediction is broadly consistent with the behavior of 9 Philadelphia gasoline wholesalers. We nevertheless reject the …
Persistent link: https://www.econbiz.de/10012468957
different fuel economies change in response to shocks to the price of gasoline, we estimate the relationship between vehicle …
Persistent link: https://www.econbiz.de/10012457227
vehicle fuel supply. In 2013, the fraction of ethanol in the gasoline pool effectively reached 10%, the ethanol capacity of … the dominant U.S. gasoline blend (the "E10 blend wall"). During 2013-2015, the price of RINs--tradeable electronic …
Persistent link: https://www.econbiz.de/10012457325
Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are … biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument … for gasoline prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We …
Persistent link: https://www.econbiz.de/10012457686
the fact that many countries provide subsidies for gasoline and diesel. This paper examines global fuel subsidies using … the latest available data from the World Bank, finding that road-sector subsidies for gasoline and diesel totaled $110 … supply and demand elasticities, the total annual deadweight loss worldwide is $44 billion. Incorporating external costs …
Persistent link: https://www.econbiz.de/10012458927