Showing 1 - 10 of 493
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
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/10012988518
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/10012758243
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/10013012388
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/10013032618
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 … relative to expected future profit: collusive prices are higher when predictable changes in demand or cost lead firms to expect … increase when demand is expected to increase and/or costs are expected to decline. Using panel data on sales volume, and retail …
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
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