Showing 1 - 10 of 472
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
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
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
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
A full understanding of how gasoline prices affect consumer behavior frequently requires information on how consumers … forecast future gasoline prices. We provide the first evidence on the nature of these forecasts by analyzing two decades of … data on gasoline price expectations from the Michigan Survey of Consumers. We find that average consumer beliefs are …
Persistent link: https://www.econbiz.de/10013126209
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 … supply and demand elasticities, the total annual deadweight loss worldwide is $44 billion. Incorporating external costs …
Persistent link: https://www.econbiz.de/10013071789
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 …
Persistent link: https://www.econbiz.de/10012760637
Analyses of policies to reduce gasoline consumption have focused on two effects, a compositional effect on the fuel …
Persistent link: https://www.econbiz.de/10012976987
Airline transport generates a growing share of global greenhouse gas emissions but as of late 2016, this sector has not faced U.S. fuel economy or emissions regulation. At any point in time, airlines own and lease a set of durable vehicles and have invested in human and physical capital and an...
Persistent link: https://www.econbiz.de/10012979351