A key finding in the literature is that the greater the pass-through of an input cost shock or tax
to product prices, the larger the welfare loss to consumers. We show that the relationship …

This paper presents welfare and distributional effects of US passenger vehicle fuel economy
and greenhouse gas standards between 2012 and 2022. We build an equilibrium model …

Endogenous quality and bargaining are important features of many markets but are typically
omitted from studies of incidence. We develop a model with product upgrades and costly …

Many countries are tightening passenger vehicle fuel economy standards. In assessing the
welfare effects of standards, the literature has not properly accounted either for their effects …

Energy efficiency and carbon dioxide emissions standards apply to many consumer
durables, such as refrigerators and passenger vehicles. Welfare analysis of these standards …

This study explores the role of market power on the cost-effectiveness of policies to address
fuel consumption. Market power gives manufacturers an incentive to under-(over-) provide …

Many countries are tightening passenger vehicle fuel economy standards. The literature on
passenger vehicle standards has used structural models to estimate their welfare effects …

By 2016, the Corporate Average Fuel Economy (CAFE) standard will increase by 40%. This
article focuses on the medium‐run effects of fuel economy regulation. We estimate …

During historical periods in which US fuel economy standards were unchanging,
automakers increased performance but not fuel economy, contrasting with recent periods of …

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 …