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Driving Behavior and the Price of Gasoline: Evidence from Fueling-Level Micro Data / Christopher R. Knittel, Shinsuke Tanaka.
- Format:
- Book
- Author/Creator:
- Knittel, Christopher R.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26488.
- NBER working paper series no. w26488
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Driving Behavior and the Price of Gasoline
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- We use novel microdata on on-road fuel consumption and prices paid for fuel in Japan to estimate short-run price elasticities of demand for gasoline consumption. We have three main findings. First, our elasticity estimates of roughly -0.37 are in orders of magnitude larger than previously estimated using more aggregate data. Second, we are one of the first papers to separately estimate both the price elasticities of miles driven (-0.30) and on-road fuel economy (0.07). Lastly, we find that on-road fuel economy is determined by recent prices than distant past prices paid, suggesting limited habit formation of fuel-conserving driving behaviors.
- Notes:
- Print version record
- November 2019.
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