gasoline price expectations from the Michigan Survey of Consumers. We find that average consumer beliefs are indistinguishable …

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 …

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 …

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 …

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 …