Is there an energy paradox in fuel economy? A note on the role of consumer heterogeneity and sorting bias
AbstractFrom the previous literature, it can be found that consumers tend to undervalue discounted future energy costs in their purchase decisions for energy-using durables. We show that this finding could, in part, result from ignoring consumer heterogeneity in empirical analyses as opposed to true undervaluation.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 115 (2012)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Energy paradox; Fuel economy; Consumer heterogeneity;
Other versions of this item:
- Bento, Antonio M. & Li, Shanjun & Roth, Kevin, 2010. "Is There an Energy Paradox in Fuel Economy? A Note on the Role of Consumer Heterogeneity and Sorting Bias," Discussion Papers dp-10-56, Resources For the Future.
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
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