| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26309 |
| 来源ID | Working Paper 26309 |
| Estimating the Costs and Benefits of Fuel-Economy Standards | |
| Antonio M. Bento; Mark R. Jacobsen; Christopher R. Knittel; Arthur A. van Benthem | |
| 发表日期 | 2019-09-30 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Fuel-economy standards for new vehicles are a primary policy instrument in many countries to reduce the carbon footprint of the transportation sector. These standards have many channels of costs and benefit, impacting sales, composition, vehicle attributes, miles traveled and externalities in the new-car fleet, as well as the composition and size of the used fleet. We develop a tractable analytical framework to examine the welfare effects of fuel-economy standards, and apply it to the recent government proposal to roll back fuel-economy standards. We find that our combined, multi-market vehicle choice model implies that the proposal would increase the size of the vehicle fleet over time, and also generates smaller welfare gains than models with a less rich structure of the vehicle market, such as the one used in the analysis associated with the 2018 Notice of Proposed Rulemaking (NPRM) announcement. The disparities across the two models appear to result from the absence of feedback effects in the NPRM analysis. We stress the importance of instead using a multi-market vehicle choice model to provide the most accurate predictions of costs and benefits. We also derive bounds that can serve as a check on the theoretical consistency of such analyses, and that offer insights into the magnitudes of potential errors resulting from imperfect multi-market integration. |
| 主题 | Public Economics ; Taxation ; Industrial Organization ; Regulatory Economics ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w26309 |
| 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/583982 |
| 推荐引用方式 GB/T 7714 | Antonio M. Bento,Mark R. Jacobsen,Christopher R. Knittel,et al. Estimating the Costs and Benefits of Fuel-Economy Standards. 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 | ||
| w26309.pdf（446KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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