Busse, Meghan R.; Knittel, Christopher R.; Zettelmeyer, … - 2010 - First version: October 2008, This version: July 2010
We estimate the effect of gasoline prices on short-run equilibrium prices and sales of new and used cars of different … fuel economies. We find that gasoline prices have larger effects on the prices of used cars than of new cars, but that they … environmental tax on gasoline, and to investigate whether consumers are myopic about future gasoline costs when they buy cars. …
