Alberini, Anna; Horvath, Marco; Vance, Colin - 2021
The demand for motor fuel should decline when its price rises, but how exactly does that happen? Do people drive less … reduced-form regressions show that while the VKTs driven by gasoline cars decrease when the price of gasoline rises, their … the VKTs and the fuel economy of diesel cars appear to be insensitive to changes in the price of diesel. Latent class …