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The Effects of the Corporate Average Fuel Efficiency Standards in the US
Abstract
This paper examines the effects of the Corporate Average Fuel Economy Standards (CAFE) on automobile sales, prices, and fuel consumption. First a discrete choice model of automobile demand and a continuous model of vehicle utilization are estimated using micro data from the Consumer Expenditure Survey for 1984–1990. Next, the demand side model is combined with a model of oligopoly and product differentiation on the supply side. With these elements in place, the effects of the CAFE regulation are assessed through simulations, and compared to the effects of alternative policy instruments, such as an increase in gasoline tax.
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Cited by
The Effects of Urban Spatial Structure on Travel Demand in the United States
Bento, A. M., Cropper, M. L., Mobarak, A. M., & Vinha, K. (2005) · Review of Economics and Statistics · doi:10.1162/0034653054638292 · Cited by 546
Gasoline prices, fuel economy, and the energy paradox
Allcott, H., & Wozny, N. (2014) · Review of Economics and Statistics · doi:10.1162/rest_a_00419 · Cited by 504
A meta-analysis of the price elasticity of gasoline demand. A SUR approach
Brons, M., Nijkamp, P., Pels, E., & Rietveld, P. (2008) · Energy Economics · doi:10.1016/j.eneco.2007.08.004 · Cited by 374
Role of Motor Vehicle Lifetime Extension in Climate Change Policy
Kagawa, S., Nansai, K., Kondo, Y., Hubacek, K., Suh, S., Minx, J., Kudoh, Y., Tasaki, T., & Nakamura, S. (2011) · Environmental Science & Technology · doi:10.1021/es1034552 · Cited by 83
Kagawa, S., Hubacek, K., Nansai, K., Kataoka, M., Managi, S., Suh, S., & Kudoh, Y. (2013) · Global Environmental Change · doi:10.1016/j.gloenvcha.2013.07.023 · Cited by 75
Wang, Y., & Miao, Q. (2021) · Resource and Energy Economics · doi:10.1016/j.reseneeco.2020.101211 · Cited by 38
Metadata
- Authors
- Goldberg, P. K.
- Venue
- The Journal of Industrial Economics
- Publisher
- Wiley
- Published
- 1998-03
- Volume
- 46
- Issue
- 1
- Pages
- 1-33
- ISSN
- 0022-1821 (ISSN-L)
- 1467-6451
- OpenAlex
- W2040461966
- Cited by
- 441
- References
- 0
- FWCI
- 6.09
- Type
- journal article
- Language
- en
- Open access
- closed
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