| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13736 |
| DP13736 Consumer Myopia in Vehicle Purchases: Evidence from a Natural Experiment | |
| Arthur van Benthem; Sebastien Houde; Kenneth Gillingham | |
| 发表日期 | 2019-05-14 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | A central question in the analysis of fuel-economy policy is whether consumers are myopic with regards to future fuel costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short-run equilibrium effects of an exogenous restatement of fuel-economy ratings that affected 1.6 million vehicles. Using the implied changes in willingness-to-pay, we find that consumers act myopically: consumers are indifferent between $1 in discounted fuel costs and 15-38 cents in the vehicle purchase price when discounting at 4%. This myopia persists under a wide range of assumptions. |
| 主题 | Public Economics |
| 关键词 | Fuel economy Vehicles Myopia Undervaluation Regulation |
| URL | https://cepr.org/publications/dp13736 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542600 |
| 推荐引用方式 GB/T 7714 | Arthur van Benthem,Sebastien Houde,Kenneth Gillingham. DP13736 Consumer Myopia in Vehicle Purchases: Evidence from a Natural Experiment. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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