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 …

Understanding the sensitivity of gasoline demand to changes in prices and income has important implications for … income elasticities of gasoline demand in the United States have been studied extensively, the vast majority of these studies …, we compare the price and income elasticities of gasoline demand in two periods of similarly high prices from 1975 to 1980 …

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 …

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 …

empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We … combine demand and supply data and apply a simultaneous-equation approach to address the problem of endogenous premium … decisions. The main finding is that demand for property and catastrophe insurance are not very different and that the demand for …

policy from commercial property coverage. In this paper, we determine whether companies differ in their demand for property … to obtain consistent estimates of premium elasticity of corporate demand for property and terrorism coverage. Our … findings suggest that both are rather price inelastic and that corporate demand for terrorism insurance is significantly more …

This paper examines how estimates of the price elasticity of demand for beer vary with the choice of alcohol price … alcohol demand elasticities--estimates obtained from this source vary drastically and unpredictably. As an alternative … grocery store alcohol prices. These estimates suggest relatively low demand elasticity, probably around -0.3, with evidence …

This paper is about the spending choices of youth, with a particular focus on how the demand for cigarettes, alcohol … demand for substances. We estimate own and cross price effects using the prices of cigarettes, alcohol, marijuana and other … consumer products including gasoline, clothing, entertainment, and fast food. Income effects are also estimated and show that …

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 …

We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long … that the price elasticity of demand grows from –0:09 in the first six months to –0:27 two years later. We also estimate a …