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| Brown, Jennifer; Mansur, Erin T.; Hastings, Justine; Villas-Boas, Sofia Berto. |
| The 1990 Clean Air Act Amendments stipulated gasoline content requirements for metropolitan areas with air pollution levels above predetermined federal thresholds. The legislation led to exogenous changes in the type of gasoline required for sale across U.S. metropolitan areas. This paper uses a panel of detailed wholesale gasoline price data to estimate the effect of gasoline content regulation on wholesale prices and price volatility. In addition, we investigate the extent to which the estimated price effects are driven by changes in the number of suppliers versus geographic segmentation resulting from regulation. We find that prices in regulated metropolitan areas increase significantly, relative to a control group, by an average of 3.6 cents per... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; Environmental Economics and Policy; L13; L51; Q50. |
| Ano: 2006 |
URL: http://purl.umn.edu/25038 |
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