The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions
@inproceedings{Borenstein2008TheIO, title={The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions}, author={Severin Borenstein}, year={2008} }
California is faced with an unprecedented budget crisis. The state is also committed to significant reductions in greenhouse gases that cause climate change. Meanwhile, the price of gasoline is plunging as the world economic slowdown cuts oil demand. At the intersection of these three situations lies an opportunity. In this policy paper, I analyze the effects of a transportation fuel surcharge that moves inversely to the price of oil. Such a surcharge could stabilize gasoline prices at levels…
6 Citations
NEW TRB SPECIAL REPORT: Policy Options for Reducing Energy Use and Greenhouse Gas Emissions from U.S. Transportation
- Economics
- 2011
In a new report from the Transportation Research Board, a policy study committee examines fuel taxes, vehicle efficiency standards, fuel standards, infrastructure investments, and coordinated…
Price Controls and Market Structure: Evidence from Gasoline Retail Markets
- Economics
- 2015
type="main"> In this paper we study the effect of price floor regulations on the organization and performance of markets. The standard interpretation of the effects of these policies is concerned…
The New CAFE Standards: Are They Enough on Their Own?
- Economics
- 2013
New Corporate Average Fuel Economy (CAFE) standards were recently passed in the United States with the twin goals of reducing greenhouse gas emissions and oil use. The new standards represent a…
Implications of Price Regulation on Market Structure of Oil Marketing Firms in Kenya
- Business, Economics
- 2015
Despite a substantial growth in the sub-Saharan African region, a trend of divestment by multinational oil marketing companies has been witnessed in Kenya in the recent past. These companies have…
Price controls and competition in gasoline retail markets∗
- Economics
- 2009
We estimate the effect of a price floor regulation implemented in the Canadian province of Québec beginning in 1997 and find that it substantially reduced the entry of large-scale stations and the…
References
SHOWING 1-10 OF 10 REFERENCES
Market Power in California's Gasoline Market
- Economics
- 2004
In recent months, prices for California's special (CaRFG) gasoline have again exceeded U.S. average prices by much more than the difference in production costs. A number of observers have attributed…
Center for the Study of Energy Markets
- Economics
- 2004
This paper assesses the impact of electricity industry restructuring on generating plant operating efficiency. Cost-plus regulation flows costs through to ratepayers, providing utilities with few…
Retail Policies and Competition in the Gasoline Industry
- Economics
- 2005
We explore issues relating to the vertical structure of ownership and control in gasoline distribution and retailing. Some have argued that refiner control of the retail sector has increased…
Fuel Efficiency and Motor Vehicle Travel: The Declining Rebound Effect
- Economics
- 2007
We estimate the rebound effect for motor vehicles, by which improved fuel efficiency causes additional travel, using a pooled cross section of US states for 1966-2001. Our model accounts for…
Cost, Conflict and Climate: Navigating the Global Oil Market,
- Milken Institute Review,
- 2008
Is the Gasoline Tax Regressive ?
- Economics
- 2007
Many consider the gasoline excise tax to be regressive, forcing the poor to pay a greater percentage of their income on it than the rich. This position has been challenged, most notably by James…
“ Is the Gasoline Tax Regressive ? , ” in D . Bradford
- Energy Journal
- 2008
Estimates from a consumer demand system: implications for the incidence of environmental taxes,
- Journal of Environmental Economics and Management,
- 2004
Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand,
- Energy Journal,
- 2008