The Effects of the Corporate Average Fuel Efficiency Standards in the US
利用1984-1990年消费者支出调查数据，估计汽车需求和利用模型，结合寡头垄断供给模型，模拟评估企业平均燃油经济性标准对汽车销售、价格和燃油消耗的影响，并与提高汽油税等替代政策比较。
This paper examines the effects of the Corporate Average Fuel Economy Standards (CAFE) on automobile sales, prices, and fuel consumption. First a discrete choice model of automobile demand and a continuous model of vehicle utilization are estimated using micro data from the Consumer Expenditure Survey for 1984–1990. Next, the demand side model is combined with a model of oligopoly and product differentiation on the supply side. With these elements in place, the effects of the CAFE regulation are assessed through simulations, and compared to the effects of alternative policy instruments, such as an increase in gasoline tax.