Vehicle Miles Traveled, Fuel Economy Efficiency And Costs of Corporate Average Fuel Economy Standard
نویسنده
چکیده
This paper investigates how fuel economy efficiency affects household vehicle mileage traveled and its distribution. Using a detailed micro-level data of National Household Travel Survey 2001 and 2008, we estimated a recursive structural model for joint determination of vehicle fuel efficiency choice and vehicle mileage traveled each year. We further studied the distributional effects on vehicle miles of fuel efficiency using quantile regression. Comparison on results and tests of weak instruments between our method with literature suggest that using choice probabilities as instruments is not valid and our model and choice of instruments gives consistent estimates. Based on estimation results, we compared the mean effects and distributional effect of vehicle fuel efficiency over time and simulate the effect of raising CAFE standard. JEL Classification: L5, C3, D5, R2
منابع مشابه
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