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来源类型Working Paper
规范类型报告
DOI10.3386/w16974
来源IDWorking Paper 16974
What Do Consumers Believe About Future Gasoline Prices?
Soren T. Anderson; Ryan Kellogg; James M. Sallee
发表日期2011-04-22
出版年2011
语种英语
摘要A full understanding of how gasoline prices affect consumer behavior frequently requires information on how consumers forecast future gasoline prices. We provide the first evidence on the nature of these forecasts by analyzing two decades of data on gasoline price expectations from the Michigan Survey of Consumers. We find that average consumer beliefs are typically indistinguishable from a no-change forecast, justifying an assumption commonly made in the literature on consumer valuation of energy efficiency. We also provide evidence on circumstances in which consumer forecasts are likely to deviate from no-change and on significant cross-consumer forecast heterogeneity.
主题Microeconomics ; Economics of Information ; Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Energy
URLhttps://www.nber.org/papers/w16974
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/574654
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GB/T 7714
Soren T. Anderson,Ryan Kellogg,James M. Sallee. What Do Consumers Believe About Future Gasoline Prices?. 2011.
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