Evaluating US Fuel Economy Standards in a Model with Producer and Household Heterogeneity
Evaluating US Fuel Economy Standards in a Model with Producer and Household Heterogeneity
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在具有生产者和家庭异质性的模型中评估美国燃油经济性标准
DOI：
10.1257/pol.5.2.148
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发表时间：
2013
期刊：
影响因子：
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通讯作者：
Mark R. Jacobsen
中科院分区：
文献类型：
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作者：
Mark R. Jacobsen
本文采用经验估计模型来研究美国企业平均燃油经济性（CAFE）标准提高的均衡效应。我识别并模拟了企业之间的异质性，发现 CAFE 的利润影响几乎完全落在国内生产商身上。福利分析考虑了家庭对车辆和行驶里程的同时决定，可以与汽油税进行直接比较。最后，我考虑了二手车市场的动态影响。我发现这些费用几乎占 CAFE 总福利成本的一半，并且不成比例地落在低收入家庭身上。与之前的结果相反，总体福利成本是递减的。 (JEL H24、L51、L62)
This paper employs an empirically estimated model to study the equilibrium effects of an increase in the US corporate average fuel economy (CAFE) standards. I identify and model heterogeneity across firms and find that the profit impacts of CAFE fall almost entirely on domestic producers. The welfare analyses consider the simultaneous household decision of vehicle and miles traveled, allowing direct comparison with a gasoline tax. Finally, I consider dynamic impacts in the used car market. I find these comprise nearly half the gross welfare cost of CAFE and fall disproportionately on low-income households. Contrary to previous results, the overall welfare costs are regressive. (JEL H24, L51, L62)