Fuel Price Increases and the Timing of Changes in Household Driving Decisions

Abstract

Using the oil price increase of 1979 as a natural experiment and several event study specifications, this paper finds evidence that the oil spike induced significant decreases in carbon emissions on both the intensive (miles driven) and extensive (auto fuel efficiency) margins. Further, it appears that substitution on the intensive margin occurred… (More)

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Cite this paper

@inproceedings{Cozad2012FuelPI, title={Fuel Price Increases and the Timing of Changes in Household Driving Decisions}, author={Melanie J Cozad and Jacob Lariviere}, year={2012} }