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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w16974 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w16974 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574654 |
推荐引用方式 GB/T 7714 | Soren T. Anderson,Ryan Kellogg,James M. Sallee. What Do Consumers Believe About Future Gasoline Prices?. 2011. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w16974.pdf(367KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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