dc.contributor.author | Allcott, Hunt | |
dc.contributor.author | Knittel, Christopher Roland | |
dc.date.accessioned | 2021-04-01T15:43:40Z | |
dc.date.available | 2021-04-01T15:43:40Z | |
dc.date.issued | 2019-02 | |
dc.identifier.issn | 1945-7731 | |
dc.identifier.issn | 1945-774X | |
dc.identifier.uri | https://hdl.handle.net/1721.1/130334 | |
dc.description.abstract | It is often asserted that consumers are poorly informed about and inattentive to fuel economy, causing them to buy low-fuel economy vehicles despite their own best interest. This paper presents evidence on this assertion through two experiments providing fuel economy information to new vehicle shoppers. Results show zero statistical or economic effect on average fuel economy of vehicles purchased. In the context of a simple optimal policy model, the estimates suggest that current and proposed US fuel economy standards are significantly more stringent than needed to address the classes of imperfect information and inattention addressed by our interventions. | en_US |
dc.language.iso | en | |
dc.publisher | American Economic Association | en_US |
dc.relation.isversionof | http://dx.doi.org/10.1257/pol.20170019 | en_US |
dc.rights | Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. | en_US |
dc.source | American Economic Association | en_US |
dc.title | Are Consumers Poorly Informed about Fuel Economy? Evidence from Two Experiments | en_US |
dc.type | Article | en_US |
dc.identifier.citation | Allcott, Hunt and Christopher Knittel. "Are Consumers Poorly Informed about Fuel Economy? Evidence from Two Experiments." AEJ: Economic Policy 11, 1 (February 2019): 1-37. © 2019 American Economic Association | en_US |
dc.contributor.department | Sloan School of Management | en_US |
dc.relation.journal | AEJ: Economic Policy | en_US |
dc.eprint.version | Final published version | en_US |
dc.type.uri | http://purl.org/eprint/type/JournalArticle | en_US |
eprint.status | http://purl.org/eprint/status/PeerReviewed | en_US |
dc.date.updated | 2021-03-29T16:19:04Z | |
dspace.orderedauthors | Allcott, H; Knittel, C | en_US |
dspace.date.submission | 2021-03-29T16:19:05Z | |
mit.journal.volume | 11 | en_US |
mit.journal.issue | 1 | en_US |
mit.license | PUBLISHER_POLICY | |
mit.metadata.status | Complete | |