The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Are Consumers Myopic? Evidence from New and Used Car Purchases
Open accessAbstract
We investigate whether car buyers are myopic about future fuel costs. We estimate the effect of gasoline prices on short-run equilibrium prices of cars of different fuel economies. We then compare the implied changes in willingness-to-pay to the associated changes in expected future gasoline costs for cars of different fuel economies in order to calculate implicit discount rates. Using different assumptions about annual mileage, survival rates, and demand elasticities, we calculate a range of implicit discount rates similar to the range of interest rates paid by car buyers who borrow. We interpret this as showing little evidence of consumer myopia. (JEL D12, H25, L11, L62, L71, L81)
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Citations
Cites
Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand
Hughes, J. E., Knittel, C. R., & Sperling, D. (2008) · The Energy Journal · doi:10.5547/issn0195-6574-ej-vol29-no1-9 · Cited by 668 · cited 1×
“Donna investigates how public transportation utilization is affected by gasoline prices, Goldberg estimates the effect of gasoline prices on vehicle miles travelled, and Hughes et al. investigate monthly gasoline consumption. At the other extreme, in the long run, automobile manufacturers can change the fuel economy o…”
Self-citationGasoline 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
Cited by
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
Pass-Through of Emissions Costs in Electricity Markets
Fabra, N., & Reguant, M. (2014) · American Economic Review · doi:10.1257/aer.104.9.2872 · Cited by 491
Are consumers willing to pay to let cars drive for them? Analyzing response to autonomous vehicles
Daziano, R. A., Sarrias, M., & Leard, B. (2017) · Transportation Research Part C: Emerging Technologies · doi:10.1016/j.trc.2017.03.003 · Cited by 341
Turning green into gold: A review on the economics of green buildings
Zhang, L., Wu, J., & Liu, H. (2018) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2017.11.188 · Cited by 250
Ganong, P., & Noel, P. (2020) · American Economic Review · doi:10.1257/aer.20181243 · Cited by 201
Metadata
- Authors
- Busse, M. R., Knittel, C. R., & Zettelmeyer, F.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2013-02-01
- Volume
- 103
- Issue
- 1
- Pages
- 220-256
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1975468699
- Cited by
- 474
- References
- 2
- FWCI
- 18.15
- Type
- journal article
- Language
- en
- Open access
- bronze
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