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Using three years of data from the 47 prefectures of Japan, we estimate behavior of households who simultaneously make … calculate elasticities and to simulate the effects of alternative pollution control policies such as taxes on gasoline, on … 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/10010371906
Least-squares estimates of the response of gasoline consumption to a change in the gasoline price 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 demonstrate that …
Persistent link: https://www.econbiz.de/10011431005
months, starting on 1 June 2022. Using the synthetic control method to compare actual prices of gasoline and diesel to those …
Persistent link: https://www.econbiz.de/10013380895
We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences … across U.S. states in the pass-through of oil price shocks to retail gasoline prices. We show that these differences are … primarily driven by the cost of producing and distributing gasoline, which varies with states' access to oil and gasoline …
Persistent link: https://www.econbiz.de/10014250001
This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual bank account data at the transaction level, we properly...
Persistent link: https://www.econbiz.de/10014467335
Petroleum administration can be regarded as a principal-agent problem. The government allocates exploration and production rights to petroleum companies on behalf of the population. The government is the principal and the companies are agents. With the aim of capturing revenue for the state, the...
Persistent link: https://www.econbiz.de/10010426021
newspapers. We further show that gasoline-to-diesel substitution substantially mediates the trade-off between climate and health …
Persistent link: https://www.econbiz.de/10014295072
displacement between foreign and domestic consumption. When relative prices increase by 1%, the relative cross-border demand …
Persistent link: https://www.econbiz.de/10014467350
We analyze welfare implications of policies promoting environmentally friendly vehicles employing rich Swiss micro-data on 23,000 newly purchased cars and their buyers. Our estimates reveal substantial income heterogeneity in price elasticity and electric vehicle (EV) adoption. While CO2 levies...
Persistent link: https://www.econbiz.de/10013167161
We identify and examine a novel welfare channel of fuel economy standards through the in-teraction with public transit and households’ location choices. A stricter emission standard for cars decreases the marginal cost of driving and triggers a shift in modal choice from public to private...
Persistent link: https://www.econbiz.de/10014516218