| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25845 |
| 来源ID | Working Paper 25845 |
| Consumer Myopia in Vehicle Purchases: Evidence from a Natural Experiment | |
| Kenneth Gillingham; Sébastien Houde; Arthur van Benthem | |
| 发表日期 | 2019-05-20 |
| 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 | Microeconomics ; Households and Firms ; Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w25845 |
| 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/583518 |
| 推荐引用方式 GB/T 7714 | Kenneth Gillingham,Sébastien Houde,Arthur van Benthem. Consumer Myopia in Vehicle Purchases: Evidence from a Natural Experiment. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25845.pdf（575KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
