Consumer Expectations and the Evolution of the US Vehicle Fleet: Re-examining CAFE Standards
| 项目名称： | Consumer Expectations and the Evolution of the US Vehicle Fleet: Re-examining CAFE Standards |
| 摘要： | This project will examine how people make decisions about automobile purchases and the effect that these choices have on long-run gasoline demand. Gasoline prices have risen steadily for a decade, and engine technology is on the cusp of dramatic transformation. Despite this rapidly-changing economic landscape, attempts to reduce gasoline demand have remained the same for decades, taking the form of CAFE standards. Unfortunately, the effect of these standards on the composition of the vehicle fleet is not well understood. This gap in the literature is a result of the complexity of modeling the durable good purchase decision. In this project I will use a dynamic discrete choice approach that is ideally suited for that purpose, yet has not been used until now in this setting. This approach will offer a natural framework within which to evaluate the welfare costs and gasoline-saving benefits of various market interventions such as CAFE standards, vehicle retirement subsidies, and carbon taxes. The results will provide policymakers with insights into how best to achieve abatement goals such as California's AB32. |
| 状态： | Active |
| 资金： | 69955.00 |
| 资助组织： | California Department of Transportation |
| 执行机构： | Sustainable Transportation Center/ITS-Davis |
| 开始时间： | 20081001 |
| 实际结束时间： | 20090930 |
| 主题领域： | Highways；Motor Carriers；Research；I15: Environment |
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