| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w28219
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| 来源ID | Working Paper 28219
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| Who Values Future Energy Savings? Evidence from American Drivers |
| Arik Levinson; Lutz Sager
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| 发表日期 | 2020-12-21
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| 出版年 | 2020
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| 语种 | 英语
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| 摘要 | Regulators attest that tightened energy efficiency standards save consumers money. Efficient light bulbs, appliances, and vehicles cost more upfront but reduce energy expenses by more than enough to compensate. We use survey data on American cars and their drivers to examine whether individual drivers have indeed underinvested in fuel economy, given the gas prices they face and the miles they drive. We find that may be true, but only on average. Some drivers could likely have saved money by spending more upfront for efficient cars. But many others could have saved money purchasing less expensive, less fuel-efficient cars. In fact we find little correlation between individual drivers’ annual fuel expenditures and their fuel economy choices: a driver’s income, sex, age, and education are far more closely associated with their vehicle’s fuel economy. We can rule out several explanations for the disconnect. Rich car purchasers do not seem to consider fuel expenses any more than poorer ones, undermining arguments that borrowing constraints prevent low-income consumers from investing in fuel efficiency. And the disconnect between fuel expenses and vehicle choice holds whether we examine anticipated or realized mileage, ruling out mistaken expectations about future driving as an explanation. |
| 主题 | Environmental and Resource Economics
; Energy
; Environment
; Regional and Urban Economics
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| URL | https://www.nber.org/papers/w28219
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585893
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推荐引用方式
GB/T 7714 |
Arik Levinson,Lutz Sager. Who Values Future Energy Savings? Evidence from American Drivers. 2020.
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文件名：
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w28219.pdf
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格式：
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Adobe PDF
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