The consumer response to changing gasoline prices has long interested economists and
policymakers, for it has important implications for the effects of gasoline taxation and vehicle …

When gasoline prices rise, people notice: the news is filled with reports of pinched
household budgets and politicians feeling pressure to do something to ameliorate the …

There have been dramatic swings in retail gasoline prices over the past decade, along with
reports in the media of consumers changing their driving habits—providing a unique …

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

Previous research suggests that the elasticity of light-duty motor vehicle travel with respect to
fuel cost, known as the “rebound effect,” is modest in size and probably declined in …

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 …

The relationship between gasoline prices and the demand for vehicle fuel efficiency is
important for environmental policy but poorly understood in the academic literature. We …

Using data on all new vehicles registered in Canada from 2000 to 2010, we estimate the
elasticity of the fuel economy of the new vehicle stock with respect to gasoline price. We find …

Understanding the sensitivity of gasoline demand to changes in prices and income has
important implications for policies related to climate change, optimal taxation and national …

This paper examines the dynamics and composition of household adjustment to changes in
the real price of gasoline using a panel of US households. By decomposing the demand for …