Distributional and Efficiency Impacts of Increased US Gasoline Taxes

• 成果类型: Article
• 署名作者: Bento, Antonio M.; Goulder, Lawrence H.; Jacobsen, Mark R.; von Haefen, Roger H.
• 署名单位: Cornell University; Stanford University; University of California System; University of California San Diego; North Carolina State University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.99.3.667
• 发表日期: 2009
• 页码: 667-699
• 关键词: discrete-choice models; UNITED-STATES; product differentiation; FUEL EFFICIENCY; cafe standards; demand; MARKET; equilibrium; consumption; BEHAVIOR

摘要

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 D 12, H22, H25, L62, L71)