Showing 1 - 10 of 67
We present and test an explanation for lags in the adjustment of wholesale gasoline prices to changes in crude oil … model predicts that futures prices for gasoline will adjust incompletely to crude oil price shocks occurring close to the … prices in 188 local wholesale gasoline markets and find evidence that greater market power leads to slower output price …
Persistent link: https://www.econbiz.de/10014112936
What are the implications of gasoline price volatility for the design of fuel economy policies? I show that this … of gasoline. When the regulator is constrained to use a fixed standard, I show that the usual approach to setting the … bind if the realized gasoline price is sufficiently high. Instead, the optimal fixed standard will be relatively relaxed …
Persistent link: https://www.econbiz.de/10012965951
This paper tests for price patterns in retail gasoline markets consistent with those predicted by models of implicit …
Persistent link: https://www.econbiz.de/10013234346
This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry. We estimate cost functions characteristics. Then we examine how this cost surface has changed over time and how these changes relate...
Persistent link: https://www.econbiz.de/10013240320
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/10013149704
influences used car fleets under policies aimed at reducing gasoline use. Large scrap elasticities will tend to produce emissions … we relate through time via differential effects in gasoline cost: A gasoline price increase or decrease of $1 alters the …
Persistent link: https://www.econbiz.de/10013081839
It is often asserted that consumers undervalue future gasoline costs relative to purchase prices when they choose … 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 …
Persistent link: https://www.econbiz.de/10013064975
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 …
Persistent link: https://www.econbiz.de/10013071789
this prediction is broadly consistent with the behavior of 9 Philadelphia gasoline wholesalers. We nevertheless reject the …
Persistent link: https://www.econbiz.de/10013247247
electricity generation, the increasing substitutability of electric for gasoline vehicles, and the durability of the vehicle stock … subsidy for electric vehicles and the optimal ban on the production of gasoline vehicles both give about the same efficiency … improvement, but the latter leads to a sharp increase in gasoline vehicle production just before the ban. Phasing out gasoline …
Persistent link: https://www.econbiz.de/10013324683