The Effect of Gasoline Prices on Household Location
利用1981-2008年加拿大邮政编码和市镇面板数据，发现汽油价格上涨10%会使通勤距离长的地区住房建设相对减少10%，但房价无显著变化，说明供给调整吸收了需求冲击。
Abstract By raising commuting costs, an increase in gasoline prices should reduce the demand for housing in areas far from employment centers relative to locations closer to jobs. Using annual panel data on a large number of postal codes and municipalities from 1981 to 2008, we find that a 10% increase in gas prices leads to a 10% decrease in construction in locations with a long average commute relative to other locations but to no significant change in house prices. Thus, the supply response prevents the change in housing demand from capitalizing in house prices.