Measuring long‐run gasoline price elasticities in urban travel demand.
I develop a structural model of urban travel to estimate long‐run gasoline price elasticities. I model the demand for transportation services using a dynamic discrete‐choice model with switching costs and estimate it using a panel dataset with public market‐level data on automobile and public transi...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 52; no. 4; pp. 945 - 995 |
|---|---|
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Dec2021
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=154346578&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 154346578 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Dec2021 vid: 52 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 154346578 10.1111/1756-2171.12397 ppf: 945 ppct: 50 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 1.4MB tig: atl: Measuring long‐run gasoline price elasticities in urban travel demand. aug: su: Chicago (Ill.) Gas prices Elasticity Public transit Switching costs Gasoline taxes Cost estimates sug: subj: Chicago (Ill.) Petroleum Bulk Stations and Terminals Petroleum Refineries Petroleum and petroleum products merchant wholesalers Other Urban Transit Systems Bus and Other Motor Vehicle Transit Systems Mixed Mode Transit Systems Other Heavy and Civil Engineering Construction Urban transit systems Gas prices Elasticity Public transit Switching costs Gasoline taxes Cost estimates ab: I develop a structural model of urban travel to estimate long‐run gasoline price elasticities. I model the demand for transportation services using a dynamic discrete‐choice model with switching costs and estimate it using a panel dataset with public market‐level data on automobile and public transit use in Chicago. Long‐run own‐ (automobile) and cross‐ (transit) price elasticities are substantially more elastic than short‐run elasticities. Elasticity estimates from static and myopic models are downward biased. I use the estimated model to evaluate the response to several counterfactual policies. A gasoline tax is less regressive after accounting for the long‐run substitution behavior. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|