G2TT
来源类型Working Papers
规范类型论文
来源IDWP-2013-009
Did "Cash for Clunkers" Deliver? The Effects of the Car Allowance Rebate System
Meghan R. Busse; Christopher R. Knittel; Jorge Silva-Risso; and Florian Zettelmeyer
发表日期2012-11
出版年2012
语种英语
摘要

Meghan R. Busse, Christopher R. Knittel, Jorge Silva-Risso, and Florian Zettelmeyer, November 2012

In this paper we analyze whether the 2009 "Cash for Clunkers" program was indeed, as U.S. Transportation Secretary Ray LaHood suggested at the time, "good news for ... consumers' pocketbooks." To do so we investigate how much of the rebate benefited consumers as opposed to dealers, whether the rebate crowded out or stimulated manufacturer incentives, and whether the scrapping of a large number of vehicles affected prices in the used-vehicle market. We find that Cash for Clunkers was consistently positive for consumer welfare on all three dimensions that we measure: First, consumers received the full amount of the rebate; second, the program stimulated manufacturer rebates (thereby increasing the benefits to customers beyond the value of the Cash for Clunkers rebates alone); and third, the destruction of low-fuel-economy, old, high-mileage vehicles did not raise prices in the used-vehicle market.

URLhttp://ceepr.mit.edu/publications/working-papers/488
来源智库Center for Energy and Environmental Policy Research (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/172748
推荐引用方式
GB/T 7714
Meghan R. Busse,Christopher R. Knittel,Jorge Silva-Risso,et al. Did "Cash for Clunkers" Deliver? The Effects of the Car Allowance Rebate System. 2012.
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