Li, Shanjun; Haefen, Roger von; Timmins, Christopher - National Bureau of Economic Research (NBER) - 2008
Exploiting a rich data set of passenger vehicle registrations in twenty U.S. metropolitan statistical areas from 1997 to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline prices affect fleet fuel economy through two channels: (1)...