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- W2891602188 abstract "Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the U.S. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline expenditures, we consistently find the price elasticity of demand to be an order of magnitude larger than estimates from recent studies using more aggregated data. We demonstrate directly that higher levels of spatial and temporal aggregation generate increasingly inelastic demand estimates, and then perform a decomposition to examine the relative importance of several different sources of bias likely to arise in more aggregated studies." @default.
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- W2891602188 date "2016-06-01" @default.
- W2891602188 modified "2023-10-18" @default.
- W2891602188 title "High Frequency Evidence on the Demand for Gasoline" @default.
- W2891602188 doi "https://doi.org/10.3386/w22345" @default.
- W2891602188 hasPublicationYear "2016" @default.
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