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, and therefore different remaining lifetimes. By seeing how price differences across high and low mileage vehicles of … different fuel economies change in response to shocks to the price of gasoline, we estimate the relationship between vehicle …
Persistent link: https://www.econbiz.de/10012457227
inattention parameter implied by the price discontinuities. In addition, our results suggest that estimating consumer …
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We use micro-level data on fuel consumption, mileage, and travel mode to study plug-in hybrid drivers’ response to fuel prices. When fuel prices rise, plug-in hybrids reduce fuel consumption more than gasoline and diesel cars. They do not reduce their mileage but increase electric recharging,...
Persistent link: https://www.econbiz.de/10014578158
Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect...
Persistent link: https://www.econbiz.de/10012460050
Vehicle taxation based on CO2 emissions is increasingly being adopted worldwide in order to shift consumer purchases to low-carbon cars, yet evidence on its effectiveness and economic impact is limited. We focus on feebate schemes, which impose a fee on high-carbon vehicles and give a rebate to...
Persistent link: https://www.econbiz.de/10014174470
The transition to a green economy strongly depends on the existence of appropriate economic incentives for agents. The loan market for car purchases is a paradigmatic example in this respect, as lenders may set credit conditions which may discourage or support the purchase of high emission...
Persistent link: https://www.econbiz.de/10014239186
quality-based price discrimination and the implied tax incidence. In my econometric framework, consumers choose the type of … appears to be consistent with monopolistic price discrimination, effectively segmenting low-mileage from high …-mileage consumers. On average, about 75% to 90% of the price differentials between gasoline and diesel cars can be explained by markup …
Persistent link: https://www.econbiz.de/10014117857
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