Do Market Shares or Technology Explain Rising New Vehicle Fuel Economy?
AbstractBy decreasing gasoline consumption, greater fuel economy could significantly reduce environmental and energy security concerns. In this paper, we show that since the year 2000, technology and market shares have contributed roughly equally to rising new vehicle fuel economy in the United States. We discuss the implications of these patterns for the safety and welfare effects of fuel economy standards.
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Bibliographic InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-13-29.
Date of creation: 09 Sep 2013
Date of revision:
corporate average fuel economy standards; passenger vehicles; fuel savings; vehicle safety; greenhouse gas emissions rate standards;
Find related papers by JEL classification:
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-02 (All new papers)
- NEP-ENE-2013-10-02 (Energy Economics)
- NEP-ENV-2013-10-02 (Environmental Economics)
- NEP-RES-2013-10-02 (Resource Economics)
- NEP-TRE-2013-10-02 (Transport Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Thomas H. Klier & Joshua Linn, 2009. "The price of gasoline and the demand for fuel economy: evidence from monthly new vehicles sales data," Working Paper Series WP-09-15, Federal Reserve Bank of Chicago.
- Meghan R. Busse & Christopher R. Knittel & Florian Zettelmeyer, 2013. "Are Consumers Myopic? Evidence from New and Used Car Purchases," American Economic Review, American Economic Association, vol. 103(1), pages 220-56, February.
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