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• W2073649095 startingPage "667" @default.
• W2073649095 abstract "We examine the impacts of increased US gasoline taxes in a model that links the markets for new, used, and scrapped vehicles and recognizes the considerable heterogeneity among households and cars. Household choice parameters derive from an estimation procedure that integrates individual choices for car ownership and miles traveled. We find that each cent-per-gallon increase in the price of gasoline reduces the equilibrium gasoline consumption by about 0.2 percent. Taking account of revenue recycling, the impact of a 25-cent gasoline tax increase on the average household is about $30 per year (2001 dollars). Distributional impacts depend importantly on how additional revenues from the tax increase are recycled. (JEL D12, H22, H25, L62, L71)" @default.
• W2073649095 created "2016-06-24" @default.
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• W2073649095 date "2009-05-01" @default.
• W2073649095 modified "2023-10-14" @default.
• W2073649095 title "Distributional and Efficiency Impacts of Increased US Gasoline Taxes" @default.
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• W2073649095 doi "https://doi.org/10.1257/aer.99.3.667" @default.
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