Cars_papers - Links and Abstracts for Papers on Cars,...

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Links and Abstracts for Papers on Cars, Gasoline, and Pollution (Investigate boldface entries first) Last modified: 13 November, 2003 Impacts of Gasoline Prices ? Makota Ohta, Zvi Griliches. “Automobile Prices and Quality: Did the Gasoline Price Increase Change Consumer Tastes in the U.S.?” May 1986. (Published: Journal of Business & Economic Statistics, Vol. 4, No. 2, (April 1986), pp. 187-198.) o Abstract only available on pdf. Essentially, Ohta analyzes the prices of U.S. used passenger cars from 1970-1981, focusing on prices during the 1973 and 1979 oil shocks. He finds that much of the changes in prices are attributable to the increase in the price of gasoline. ? Carol A. Dahl. “Consumer Adjustment to a Gasoline Tax.” The Review of Economics and Statistics, Vol. 61, No. 3. (Aug., 1979), pp. 427-432. Stable URL: http://links.jstor.org/sici?sici=0034- 6535%28197908%2961%3A3%3C427%3ACATAGT%3E2.0.CO%3B2-I o Abstract only available on pdf. Dahl breaks the elasticity of gasoline demand into two components: price elasticity of demand for miles traveled and the price elasticity of miles per gallon of automobiles. Also investigates the affect of gasoline price on driving speeds and the automobile stock. Finds that the price elasticity of miles per gallon of automobiles is higher than others have suggested. ? William C. Wheaton. “The Long-Run Structure of Transportation and Gasoline Demand.” The Bell Journal of Economics, Vol. 13, No. 2. (Autumn, 1982), pp. 439-454. Stable URL: http://links.jstor.org/sici?sici=0361- 915X%28198223%2913%3A2%3C439%3ATLSOTA%3E2.0.CO%3B2-8 o This article reports estimates of a cross national model for automobile ownership, fleet fuel efficiency, driving per vehicle, and as derived from these three, gasoline consumption. The model is a recursive system of equations derived by aggregating individual behavioral equations for the choise of a durable good and its usage. The results suggest that across countries, gasoline price differences exert themselves primarily by affecting the amount of driving, and not as time series studies show, through fleet fuel efficiency. The estimates also suggest that gasoline consumption is much more income elastic than it was previously thought to be and that most of this income effect derives from the impact of income on auto ownership. ? George G. Daly; Thomas H. Mayor. “Reason and Rationality during Energy Crises.” The Journal of Political Economy, Vol. 91, No. 1. (Feb., 1983), pp. 168-181. Stable URL: http://links.jstor.org/sici?sici=0022- 3808%28198302%2991%3A1%3C168%3ARARDEC%3E2.0.CO%3B2-C o This paper develops a technique for extracting the expectations embedded in the current prices of energy-using durable goods and applies it to used car markets during the two energy "crises" of the 1970s. The resulting estimates indicate that consumers took the energy crises seriously and formed expectations about future gasoline prices that appear rational when compared with the historical
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This note was uploaded on 08/01/2008 for the course ARE 262 taught by Professor Berck during the Spring '08 term at University of California, Berkeley.

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Cars_papers - Links and Abstracts for Papers on Cars,...

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