Fuel Prices New Vehicle Fuel Economy And Implications For Attribute Based Standards

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Fuel Prices, New Vehicle Fuel Economy, and Implications for Attribute-Based Standards

Author : Benjamin Leard
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Fuel Prices, New Vehicle Fuel Economy, and Implications for Attribute-Based Standards by : Benjamin Leard

Download or read book Fuel Prices, New Vehicle Fuel Economy, and Implications for Attribute-Based Standards written by Benjamin Leard and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy efficiency standards based on product attributes may interact with market conditions and affect the overall stringency of the standards. In this paper we analyze the interaction between gasoline prices and the redesigned and tightened federal fuel economy standards. Tighter standards will tend to reduce the effect of gasoline prices on market shares. Furthermore, under the standards a vehicle's fuel economy requirement depends on its size. Lower gasoline prices incentivize consumers to purchase new vehicles with lower fuel economy, which are typically larger and therefore face lower fuel economy requirements. Using monthly data from 1996 to 2015, we find that fuel prices have had a smaller effect on market shares in recent years than previously. This result appears to be driven by a stronger response to rising than falling or stable prices. We construct two proxies for the stringency of the standards and we find limited evidence that the standards affect the relationship between fuel prices and market shares. Using the estimated responsiveness to fuel costs from the 2008 to 2015 period, the estimates imply that the 25 percent gasoline price decrease between 2014 and 2015 had a modest effect on average fuel economy and the average fuel economy required by the standards.

Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309373913
Total Pages : 812 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles by : National Research Council

Download or read book Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles written by National Research Council and published by National Academies Press. This book was released on 2015-09-28 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt: The light-duty vehicle fleet is expected to undergo substantial technological changes over the next several decades. New powertrain designs, alternative fuels, advanced materials and significant changes to the vehicle body are being driven by increasingly stringent fuel economy and greenhouse gas emission standards. By the end of the next decade, cars and light-duty trucks will be more fuel efficient, weigh less, emit less air pollutants, have more safety features, and will be more expensive to purchase relative to current vehicles. Though the gasoline-powered spark ignition engine will continue to be the dominant powertrain configuration even through 2030, such vehicles will be equipped with advanced technologies, materials, electronics and controls, and aerodynamics. And by 2030, the deployment of alternative methods to propel and fuel vehicles and alternative modes of transportation, including autonomous vehicles, will be well underway. What are these new technologies - how will they work, and will some technologies be more effective than others? Written to inform The United States Department of Transportation's National Highway Traffic Safety Administration (NHTSA) and Environmental Protection Agency (EPA) Corporate Average Fuel Economy (CAFE) and greenhouse gas (GHG) emission standards, this new report from the National Research Council is a technical evaluation of costs, benefits, and implementation issues of fuel reduction technologies for next-generation light-duty vehicles. Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles estimates the cost, potential efficiency improvements, and barriers to commercial deployment of technologies that might be employed from 2020 to 2030. This report describes these promising technologies and makes recommendations for their inclusion on the list of technologies applicable for the 2017-2025 CAFE standards.

Gasoline Price Uncertainty and the Design of Fuel Economy Standards

Author : Ryan Kellogg
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (968 download)

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Book Synopsis Gasoline Price Uncertainty and the Design of Fuel Economy Standards by : Ryan Kellogg

Download or read book Gasoline Price Uncertainty and the Design of Fuel Economy Standards written by Ryan Kellogg and published by . This book was released on 2017 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the implications of gasoline price volatility for the design of fuel economy policies? I show that this problem has a strong parallel to Weitzman's (1974) classic model of using price or quantity controls to regulate an externality. Changes in fuel prices act as shocks to the marginal cost of complying with the standard. Assuming constant marginal damages from fuel consumption, an application of Weitzman (1974) implies that a fixed fuel economy standard reduces expected welfare relative to a "price" policy such as a feebate or, equivalently, a fuel economy standard that is indexed to the price of gasoline. When the regulator is constrained to use a fixed standard, I show that the usual approach to setting the standard--equate expected marginal compliance cost to marginal damage--is likely to be sub-optimal because the standard may not bind if the realized gasoline price is sufficiently high. Instead, the optimal fixed standard will be relatively relaxed and may be non-binding even at the expected gasoline price. Finally, I show that although an attribute-based standard allows vehicle choices to flexibly respond to gasoline price shocks, the resulting distortions imply that the optimal fuel economy standard is not attribute-based.

Corporate Average Fuel Economy and the Market for New Vehicles

Author : Thomas Klier
Publisher : DIANE Publishing
ISBN 13 : 1437987842
Total Pages : 36 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Corporate Average Fuel Economy and the Market for New Vehicles by : Thomas Klier

Download or read book Corporate Average Fuel Economy and the Market for New Vehicles written by Thomas Klier and published by DIANE Publishing. This book was released on 2011-08 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents an overview of the economics literature on the effect of Corporate Average Fuel Economy (CAFE) standards on the new vehicle market. Since 1978, CAFE has imposed fuel economy standards for cars and light trucks sold in the U.S. market. This paper reviews the history of the standards, followed by a discussion of the major upcoming changes in implementation and stringency. It describes strategies that firms can use to meet the standards and reviews the CAFE literature as it applies to the new vehicle market. The paper concludes by highlighting areas for future research in light of the upcoming changes to CAFE. Charts and tables. This is a print on demand edition of an important, hard-to-find report.

Automotive Fuel Economy

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309045304
Total Pages : 280 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Automotive Fuel Economy by : National Research Council

Download or read book Automotive Fuel Economy written by National Research Council and published by National Academies Press. This book was released on 1992-02-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents realistic estimates for the level of fuel economy that is achievable in the next decade for cars and light trucks made in the United States and Canada. A source of objective and comprehensive information on the topic, this book takes into account real-world factors such as the financial conditions in the automotive industry, costs and benefits to consumers, and marketability of high-efficiency vehicles. The committee is composed of experts from the fields of science, technology, finance, and regulation and offers practical evaluations of technological improvements that could contribute to increased fuel efficiency. The volume also examines potential barriers to improvement, such as high production costs, regulations on safety and emissions, and consumer preferences. This practical book is of considerable interest to car and light truck manufacturers, policymakers, federal and state agencies, and the public.

Vehicle Fuel Economy

Author : United States. Government Accountability Office
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Vehicle Fuel Economy by : United States. Government Accountability Office

Download or read book Vehicle Fuel Economy written by United States. Government Accountability Office and published by . This book was released on 2007 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Bill to Authorize the National Highway Traffic Safety Administration (NHTSA) to Set Passenger Car Fuel Economy Standards

Author : United States. Congress. House. Committee on Energy and Commerce
Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis A Bill to Authorize the National Highway Traffic Safety Administration (NHTSA) to Set Passenger Car Fuel Economy Standards by : United States. Congress. House. Committee on Energy and Commerce

Download or read book A Bill to Authorize the National Highway Traffic Safety Administration (NHTSA) to Set Passenger Car Fuel Economy Standards written by United States. Congress. House. Committee on Energy and Commerce and published by . This book was released on 2006 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Automotive Fuel Economy Standards on Competition in the Automotive Industry. Final Report

Author : J. Hayden Boyd
Publisher :
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis The Impact of Automotive Fuel Economy Standards on Competition in the Automotive Industry. Final Report by : J. Hayden Boyd

Download or read book The Impact of Automotive Fuel Economy Standards on Competition in the Automotive Industry. Final Report written by J. Hayden Boyd and published by . This book was released on 1980 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedonic demand model to analyze consumers' preferences for automobile attributes and the effect of changes in vehicles on market share.

Effectiveness and Impact of Corporate Average Fuel Economy (CAFE) Standards

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309170567
Total Pages : 181 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Effectiveness and Impact of Corporate Average Fuel Economy (CAFE) Standards by : National Research Council

Download or read book Effectiveness and Impact of Corporate Average Fuel Economy (CAFE) Standards written by National Research Council and published by National Academies Press. This book was released on 2002-01-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since CAFE standards were established 25 years ago, there have been significant changes in motor vehicle technology, globalization of the industry, the mix and characteristics of vehicle sales, production capacity, and other factors. This volume evaluates the implications of these changes as well as changes anticipated in the next few years, on the need for CAFE, as well as the stringency and/or structure of the CAFE program in future years.

Policy Conflict--energy, Environmental, and Materials

Author : United States. General Accounting Office
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Policy Conflict--energy, Environmental, and Materials by : United States. General Accounting Office

Download or read book Policy Conflict--energy, Environmental, and Materials written by United States. General Accounting Office and published by . This book was released on 1980 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Improving Automobile Fuel Economy

Author :
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Improving Automobile Fuel Economy by :

Download or read book Improving Automobile Fuel Economy written by and published by . This book was released on 1991 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Vehicle Fuel Economy

Author :
Publisher : DIANE Publishing
ISBN 13 : 9781422329429
Total Pages : 66 pages
Book Rating : 4.3/5 (294 download)

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Book Synopsis Vehicle Fuel Economy by :

Download or read book Vehicle Fuel Economy written by and published by DIANE Publishing. This book was released on with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Policy Conflict--energy, Environmental, and Materials: Automotive Fuel-economy Standards' Implications for Materials. Report to the Congress

Download Policy Conflict--energy, Environmental, and Materials: Automotive Fuel-economy Standards' Implications for Materials. Report to the Congress PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Policy Conflict--energy, Environmental, and Materials: Automotive Fuel-economy Standards' Implications for Materials. Report to the Congress by :

Download or read book Policy Conflict--energy, Environmental, and Materials: Automotive Fuel-economy Standards' Implications for Materials. Report to the Congress written by and published by . This book was released on 1980 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Attribute-Based Regulation

Author : Koichiro Ito
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (891 download)

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Book Synopsis The Economics of Attribute-Based Regulation by : Koichiro Ito

Download or read book The Economics of Attribute-Based Regulation written by Koichiro Ito and published by . This book was released on 2014 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes "attribute-based regulations," in which regulatory compliance depends upon some secondary attribute that is not the intended target of the regulation. For example, in many countries fuel-economy standards mandate that vehicles have a certain fuel economy, but heavier or larger vehicles are allowed to meet a lower standard. Such policies create perverse incentives to distort the attribute upon which compliance depends. We develop a theoretical framework to predict how actors will respond to attribute-based regulations and to characterize the welfare implications of these responses. To test our theoretical predictions, we exploit quasi-experimental variation in Japanese fuel economy regulations, under which fuel-economy targets are downward-sloping step functions of vehicle weight. Our bunching analysis reveals large distortions to vehicle weight induced by the policy. We then leverage panel data on vehicle redesigns to empirically investigate the welfare implications of attribute-basing, including both potential benefits and likely costs. This latter analysis concerns a "double notched" policy; vehicles are eligible for an incentive if they are above a step function in the two-dimensional fuel economy by weight space. We develop a procedure for analyzing the response to such policies that is new to the literature.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

Author : Mr. Kangni R Kpodar
Publisher : International Monetary Fund
ISBN 13 : 1616356154
Total Pages : 34 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar

Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

Automotive Technology and Fuel Economy Standards

Author : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Science, Technology, and Space
Publisher :
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Automotive Technology and Fuel Economy Standards by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Science, Technology, and Space

Download or read book Automotive Technology and Fuel Economy Standards written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Science, Technology, and Space and published by . This book was released on 1980 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effect of Standards and Fuel Prices on Automobile Fuel Economy

Author : Sofronis Clerides
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Effect of Standards and Fuel Prices on Automobile Fuel Economy by : Sofronis Clerides

Download or read book The Effect of Standards and Fuel Prices on Automobile Fuel Economy written by Sofronis Clerides and published by . This book was released on 2008 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is an intense debate over whether fuel economy standards or fuel taxation is the more efficient policy instrument to raise fuel economy and reduce CO2 emissions of cars. The aim of this paper is to analyze the impact of standards and fuel prices on new car fuel economy with the aid of cross-section time series analysis of data from 18 countries. We employ a dynamic specification of new car fuel consumption as a function of fuel prices, standards and per capita income. It turns out that standards have induced considerable fuel savings throughout the world, although their welfare impact is not examined here. If standards are not further tightened then retail fuel prices would have to remain at high levels for more than a decade in order to attain similar fuel savings. Finally, without higher fuel prices or tighter standards, one should not expect any marked improvements in fuel economy under 'business as usual' conditions.