While the impact of technology on production is widely researched, this study explores the economic implications of technology through the channel of enhancing leisure experience on the consumer side. We develop a theoretical model which allows for habit formation for a technology good purchased...

"The European Conference of Ministers of Transport has released a report that analyzes the gap between fuel efficiency certification test ratings and the actual on-road fuel efficiency of automobiles. The report also examines technologies available that could reduce that gap and improve fuel...