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Pain at the Pump: The Differential Effect of Gasoline Prices on New and Used Automobile Markets

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NBER2009-12-01 更新2025-01-04 收录
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The dramatic increase in gasoline prices from close to $1 in 1999 to $4 at their peak in 2008 made it much more expensive for consumers to operate an automobile. In this paper we investigate whether consumers have adjusted to gasoline price changes by altering what automobiles they purchase and what

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2009-12-01
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