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The paper presents univariate and panel unit root tests for gasoline and oil price convergence over the last decade. We … convergence ; law of one price ; gasoline ; international taxation ; European integration ; panel unit roots …
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The paper presents univariate and panel unit root tests for gasoline and oil price convergence over the last decade. We …
Persistent link: https://www.econbiz.de/10002989942
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To what extent do car buyers undervalue future fuel costs, and what does this imply for the effectiveness of alternative tax policies? To address both questions, we show it is crucial to account for consumer heterogeneity in mileage and other dimensions. We use detailed product-level data for a...
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