| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21441 |
| 来源ID | Working Paper 21441 |
| Do Consumers Recognize the Value of Fuel Economy? Evidence from Used Car Prices and Gasoline Price Fluctuations | |
| James M. Sallee; Sarah West; Wei Fan | |
| 发表日期 | 2015-08-10 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Debate about the appropriate design of energy policy hinges critically on whether consumers might undervalue energy efficiency, due to myopia or some other manifestation of limited rationality. We contribute to this debate by measuring consumers' willingness to pay for fuel economy using a novel identification strategy and high quality microdata from wholesale used car auctions. We leverage differences in future fuel costs across otherwise identical vehicles that have different current mileage, and therefore different remaining lifetimes. By seeing how price differences across high and low mileage vehicles of different fuel economies change in response to shocks to the price of gasoline, we estimate the relationship between vehicle prices and future fuel costs. Our data suggest that used automobile prices move one for one with changes in present discounted future fuel costs, which implies that consumers fully value fuel economy. |
| 主题 | Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w21441 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579116 |
| 推荐引用方式 GB/T 7714 | James M. Sallee,Sarah West,Wei Fan. Do Consumers Recognize the Value of Fuel Economy? Evidence from Used Car Prices and Gasoline Price Fluctuations. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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