The Economics of "Radiator Springs:" Industry Dynamics, Sunk Costs, and Spatial Demand Shifts

Interstate Highway openings were permanent, anticipated demand shocks that increased gasoline demand and sometimes shifted it spatially. We investigate supply responses to these demand shocks, using county-level observations of service station counts and employment and data on highway openings'

州际公路的开通是永久性、可预期的需求冲击，此类冲击会提升汽油需求，有时还会导致其空间分布发生转移。我们利用县级加油站数量与就业情况的观测数据，以及州际公路开通相关数据，研究了供给端对这些需求冲击的反应。