| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Should Corporate Average Fuel Economy (CAFE) Standards Be Tightened?
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| Autores: |
Parry, Ian W.H.
Fischer, Carolyn
Harrington, Winston
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| Data: |
2005-10-26
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| Ano: |
2004
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| Palavras-chave: |
Fuel economy standards
Oil dependency
Carbon emissions
Rebound effect
Gasoline tax
Resource /Energy Economics and Policy
R48
Q48
H23
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| Resumo: |
This paper develops analytical models to estimate the welfare effects of higher Corporate Average Fuel Economy (CAFE) standards on new passenger vehicles. The analysis incorporates a broad range of fuel-and-driving-related externalities, fuel taxes, different assumptions concerning consumers' valuation of fuel saving technologies and their alternative value in enhancing other vehicle attributes, and endogenous vehicle fleet composition. To implement the analysis, we develop estimates of CAFE's impact on local pollution, nationwide congestion, and traffic accidents. We find that higher fuel economy standards can produce anything from moderate welfare gains, to very little or no effect, to substantial welfare losses, depending on how consumers value fuel economy technologies and their opportunity costs.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18680
http://purl.umn.edu/10605
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| Editor: |
AgEcon Search
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| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 04-53
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| Formato: |
49
application/pdf
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