We provide empirical evidence that automobile manufacturers use cash incentives to offset
how gasoline price fluctuations affect the expected fuel expenses of automobile buyers …

This paper reviews economic studies to develop estimates of the likely responses of car
buyers and automakers to higher fuel taxes or feebates. It finds that feebates averaging 5 …

Gasoline taxes can be employed to correct externalities from automobile use and to raise
government revenue. Our understanding of the optimal gasoline tax and the efficacy of …

Policymakers often assert that consumers undervalue future gasoline costs when they buy
automobiles. We test this by measuring whether relative prices of vehicles with different fuel …

Economic analysis generally favors fuel taxation as an efficient policy for dealing with
climate and environmental externalities related to fuel consumption and emissions in the …

In this paper we make use of detailed, transaction-level data on automobile purchases and
monthly, ZIP-code level data on retail gasoline prices to investigate the effect of fuel prices …

To what extent do car buyers undervalue future fuel costs, and what does this imply for tax
policy? To address both questions, we show it is crucial to account for consumer mileage …

Because of its potential to improve the environment and enhance national security, reducing
automobile-related gasoline consumption has become a major US public policy issue …

This paper develops a structural econometric model of vehicle choice and subsequent
driving decisions to examine the consumer responsiveness to gasoline price changes on …

This paper studies the implications of unexpected changes in the real price of gasoline on
the prices of used automobiles using an asset pricing model of car valuation. We employ a …