Fuel economy and the price of gasoline: Evidence from fueling-level micro data q

被引：6
|
作者：
Knittel, Christopher R. [1 ,2 ]
Tanaka, Shinsuke [3 ]
机构：
[1] MIT, Cambridge, MA 02139 USA
[2] NBER, Cambridge, MA 02138 USA
[3] Tufts Univ, Medford, MA 02155 USA
来源：
JOURNAL OF PUBLIC ECONOMICS | 2021年 / 202卷
关键词：
Price elasticity of on-road fuel economy; Driving habit formation; Gasoline consumption; EFFICIENCY; ELASTICITY; STANDARDS; DEMAND; POLLUTION;
D O I：
10.1016/j.jpubeco.2021.104496
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The short-term elasticity of gasoline consumption is determined by both vehicle distances traveled and the efficiency with which each mile is driven. Rarely is the latter observed. We use novel micro-level data on on-road fuel consumption and fuel prices in Japan to estimate both the contemporaneous and dynamic effects of gasoline prices on on-road fuel economy. Our estimate of the contemporaneous price elasticity of on-road fuel economy is approximately 0.07, suggesting that approximately 19% of the price elasticity of gasoline consumption comes from improvements in fuel-conserving behavior. We also find limited habit formation of fuel economy changes; fuel economy effectively responds only to current gasoline prices. This is consistent with substantial utility costs for behavioral adjustments in fuel saving. (c) 2021 Elsevier B.V. All rights reserved.
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页数：8
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