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price jump smaller than the size of the expiring tax reduction at the start of September. Our results are robust to …
Persistent link: https://www.econbiz.de/10013380895
price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level … and to protect them from sudden price fluctuations. Such regulations are already in place in several countries, but … whether they indeed help lower the overall fuel price level is unclear. In this paper, we study the effect of Austria's Fuel …
Persistent link: https://www.econbiz.de/10012415508
This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax … rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual … bank account data at the transaction level, we properly disentangle anticipation effects from price effects, and estimate …
Persistent link: https://www.econbiz.de/10014467335
than to market price movements, primarily due to increases in tax salience, which we measure using textual analysis of …
Persistent link: https://www.econbiz.de/10014295072
The long-term trend toward more work from home due to digitization has found a strong new driver, the Covid-19 pandemic. The profound change in urban mobility patterns supports the often-held view that reducing the number of commuting trips can lower carbon emissions to a certain degree. We...
Persistent link: https://www.econbiz.de/10012649219
We identify and examine a novel welfare channel of fuel economy standards through the in-teraction with public transit and households’ location choices. A stricter emission standard for cars decreases the marginal cost of driving and triggers a shift in modal choice from public to private...
Persistent link: https://www.econbiz.de/10014516218
-data on 23,000 newly purchased cars and their buyers. Our estimates reveal substantial income heterogeneity in price …
Persistent link: https://www.econbiz.de/10013167161
, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …
Persistent link: https://www.econbiz.de/10010486860
shocks have large and persistent price effects, while output effects tend to be moderate. The 2022 natural gas price spike … winter. Counterfactual simulations of an embargo on natural gas imports from Russia indicate similar positive price and …
Persistent link: https://www.econbiz.de/10014576948
This paper exploits the introduction of the German carbon tax in 2021 as well as excise tax rebates on fuel in both France and Germany, consecutive to the 2022 oil crisis, to infer how fuel tourism responds to changes in relative prices. Based on French high-frequency transaction-level data...
Persistent link: https://www.econbiz.de/10014467350