Download EBOOK Automobile Prices, Gasoline Prices, and Consumer Demand for Fuel Economy PDF for free


Download EBOOK Automobile Prices, Gasoline Prices, and Consumer Demand for Fuel Economy PDF for free Category: Society & Social Sciences
The author of the book: Ashley Langer
Format files: PDF, EPUB
The size of the: 513 KB
Language: English
ISBN-13: 9781289022662
Edition: Bibliogov
Date of issue: 26 June 2013

Description of the book "Automobile Prices, Gasoline Prices, and Consumer Demand for Fuel Economy":

The relationship between gasoline prices and the demand for vehicle fuel effciency is important for environmental policy but poorly understood in the academic literature. We provide empirical evidence that automobile manufacturers price as if consumers respond to gasoline prices. We derive a reduced-form regression equation from theoretical micro-foundations and estimate the equation with nearly 300,000 vehicle-week-region observations over the period 2003-2006. We find that vehicle prices generally decline in the gasoline price. The decline is larger for ineffcient vehicles, and the prices of particularly effcient vehicles actually rise. Structural estimation that ignores these effects underestimates consumer preferences for fuel PDF effciency.

Download EBOOK Automobile Prices, Gasoline Prices, and Consumer Demand for Fuel Economy PDF for free


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Ashley Langer

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Download EBOOK Automobile Prices, Gasoline Prices, and Consumer Demand for Fuel Economy PDF for free



Download EBOOK Automobile Prices, Gasoline Prices, and Consumer Demand for Fuel Economy for free

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