Gasoline Prices, Fuel Economy, and the Energy Paradox

It is often asserted that consumers purchasing automobiles or other goods and services underweight the costs of gasoline or other "add-ons." We test this hypothesis in the US automobile market by examining the effects of time series variation in gasoline price expectations on the prices an...

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Bibliographic Details
Main Authors: Wozny, Nathan, Allcott, Hunt
Format: Working Paper
Language:en_US
Published: MIT Center for Energy and Environmental Research Policy 2010
Online Access:http://hdl.handle.net/1721.1/54753