We identify and examine a novel welfare channel of fuel economy standards through the in-teraction with public transit and households’ location choices. A stricter emission standard for cars decreases the marginal cost of driving and triggers a shift in modal choice from public to private...

Climate policy instruments in the transportation sector like fuel economy standards (CAFE) and fuel taxes not only affect households' vehicle choice, but also the urban form in the long run. We introduce household level vehicle choice into the urban economic monocentric city model and run...

To correct market failures due to the presence of negative externalities associated with energy consumption, governments have adopted a variety of policies, including taxes, subsidies, regulations and standards, and information-based policies. For example, labels that clearly convey energy...

To correct market failures due to the presence of negative externalities associated with energy consumption, governments have adopted a variety of policies, including taxes, subsidies, regulations and standards, and information-based policies. For example, labels that clearly convey energy...

We estimate a model of vehicle choice and miles driven to analyze the impact of fuel conservation policies in the Indian car market. Taxing diesel fuel to equalize diesel and petrol prices would reduce fuel consumption in the new car market by 7 percent and reduce diesel car sales by 26 percent....

Under the European Union’s Voluntary Agreement with car manufacturers, average light vehicle CO2 emissions in 2004 were 12.4% below 1995 levels but appeared unlikely to achieve the 25% reduction needed to reach the 140 g/km target for “per vehicle” CO2 emissions for 2008. The EU is now...