A central question in the analysis of fuel economy policy is whether consumers are myopic
with regards to future fuel costs. We provide the first evidence on the consumer valuation of …

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 …

It is often asserted that consumers are poorly informed about and inattentive to fuel
economy, causing them to buy low-fuel economy vehicles despite their own best interest …

How consumers evaluate trade-offs between the cost of buying additional fuel economy and
the expected fuel savings that result is an important underlying determinant of the overall …

Much prior research into consumer automotive and fuel purchase behaviors and fuel
economy has been shaped by the normative assumptions of economics. Among these …

This analysis exploits new data from the Vehicle Ownership and Alternatives Survey, which
elicits beliefs over the financial benefits of owning higher fuel economy vehicles. The data …

This research is designed to help researchers and policy makers ground their work in the
reality of how US consumers are thinking and behaving with respect to automotive fuel …

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 …

Fuel economy or CO2 emissions standards are a core component of government's policy
strategies to address global climate change and energy security. Standards have been …

Prospect theory holds that human beings faced with a risky bet will tend to value potential
losses about twice as much as potential gains. Previous research has demonstrated that …