This paper studies a potential e ect of gasoline prices that has been overlooked in the literature. Due to heterogeneity in demand for vehicle miles traveled (VMT), when gasoline prices increase, the increased cost of operating an ine cient vehicle are greater for households that drive more. Thus, in equilibrium, after an increase in the gasoline prices there should be a stronger matching from ...

I develop a structural model of urban travel to estimate long-run gasoline price elasticities. the demand for transportation services using dynamic discrete-choice with switching costs and it panel dataset public market-level data on automobile transit use in Chicago. Long-run own- (automobile) cross- (transit) elasticities are substantially more elastic than short-run Elasticity estimates from...

This paper examines the unexplored link between the prevalence of overweight and obesity and vehicle demand in the United States. Exploring annual sales data of new passenger vehicles at the model level in 48 U.S. counties from 1999 to 2005, we find that new vehicles demanded by consumers are less fuel-efficient on average as a larger share of people become overweight or obese. The OLS results ...

The objective of the article is to estimate price elasticity demand for gasoline in Mexico’s Northern border based on applying monthly data Mexican regions from 1997 2015. results reveal that at less inelastic than inland. A database provided includes more observations and regional economic variables compared previous studies. It concluded beyond effects gasoline-related tourism, competition fa...

This paper presents a version of the proportionally calibrated almost ideal demand system (PCAIDS) model, useful for merger simulations, which can be econometrically estimated using price data for two firms in a market. The model is then applied to a database of the Argentine gasoline market, and its results are compared to the ones obtained with other alternative specifications. JEL Classifica...

The advantages and limitations of the U.S. ethanol industry have both become apparent during the current period of high petroleum prices. One advantage is that ethanol is cost-reducing as a gasoline additive and as a gasoline replacement using E85 (motor fuel blends of 85 percent ethanol and just 15 percent gasoline). However, corn supply limits ethanol’s role in energy markets; ethanolbased co...