The Price of Gasoline and New Vehicle Fuel Economy Evidence from Monthly Sales Data

被引：106

作者：

Klier, Thomas ^{[1
]}

Linn, Joshua ^{[2
]}

机构：

[1] Fed Reserve Bank Chicago, Chicago, IL 60604 USA

[2] MIT, MIT Energy Initiat, Cambridge, MA 02139 USA

来源：

AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY | 2010年 / 2卷 / 03期

关键词：

UNITED-STATES; CHOICE MODELS; STANDARDS; EFFICIENCY; MARKET;

D O I：

10.1257/pol.2.3.134

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper uses a unique dataset of monthly new vehicle sales by detailed model from 1978 to 2007, and implements a new identification strategy to estimate the effect of the price of gasoline on individual vehicle model sales We control for unobserved vehicle and consumer characteristics by using within model year changes in the price of gasoline and sales We find a significant sales response, suggesting that the gasoline price increase from 2002 to 2007 explains nearly half of the decline in market share of US manufacturers On the other hand, an increase in the gasoline tax would only modestly raise average fuel economy (JEL H25, L11, L62, L71)

引用

页码：134 / 153

页数：20

共 25 条

[1] Clearing the air: The costs and consequences of higher CAFE standards and increased gasoline taxes [J].