Showing 1 - 10 of 630
This paper examines the relationship between spot and futures prices for energy commodities (crude oil, gasoline …
Persistent link: https://www.econbiz.de/10012467654
Airline transport generates a growing share of global greenhouse gas emissions but as of late 2016, this sector has not faced U.S. fuel economy or emissions regulation. At any point in time, airlines own and lease a set of durable vehicles and have invested in human and physical capital and an...
Persistent link: https://www.econbiz.de/10012455850
The dramatic increase in gasoline prices from close to $1 in 1999 to $4 at their peak in 2008 made it much more … expensive for consumers to operate an automobile. In this paper we investigate whether consumers have adjusted to gasoline price … car markets. We find that a $1 increase in gasoline price changes the market shares of the most and least fuel …
Persistent link: https://www.econbiz.de/10012463059
to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline … estimates suggest that a 10% increase in gasoline prices from 2005 levels will generate a 0.22% increase in fleet fuel economy …
Persistent link: https://www.econbiz.de/10012464197
Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the U ….S. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline … expenditures, we consistently find the price elasticity of demand to be an order of magnitude larger than estimates from recent …
Persistent link: https://www.econbiz.de/10012456331
forecast future gasoline prices. We provide the first evidence on the nature of these forecasts by analyzing two decades of …A full understanding of how gasoline prices affect consumer behavior frequently requires information on how consumers … data on gasoline price expectations from the Michigan Survey of Consumers. We find that average consumer beliefs are …
Persistent link: https://www.econbiz.de/10012461678
The adoption of artificial intelligence (AI) prediction of demand by a monopolist firm is examined. It is shown that …, in the absence of AI prediction, firms face complex trade-offs in setting price and quantity ahead of demand that impact …
Persistent link: https://www.econbiz.de/10013191089
Electric vehicles are declining in cost so rapidly that they may claim a large share of the vehicle market by 2030. This paper examines a set of practical regulatory design considerations for fuel-economy standards or greenhouse gas standards in the context of highly uncertain electric vehicle...
Persistent link: https://www.econbiz.de/10012599357
Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we …
Persistent link: https://www.econbiz.de/10012480452
Discrete choice demand models are widely used for counterfactual policy simulations, yet their out … choice models of school demand. In 2013, Boston Public Schools considered several new choice plans that differ in where … applicants can apply. At the request of the mayor and district, we forecast the alternatives' effects by estimating discrete …
Persistent link: https://www.econbiz.de/10012453696