202-328-5000 www.rff.orgCorporate Average Fuel Economy Standards and the Market for New Vehicles (2010)
BibTeX
@MISC{Klier10202-328-5000www.rff.orgcorporate,
author = {Thomas Klier and Joshua Linn and Thomas Klier and Joshua Linn},
title = {202-328-5000 www.rff.orgCorporate Average Fuel Economy Standards and the Market for New Vehicles},
year = {2010}
}
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Abstract
This paper presents an overview of the economics literature on the effect of Corporate Average Fuel Economy (CAFE) standards on the new vehicle market. Since 1978, CAFE has imposed fuel economy standards for cars and light trucks sold in the U.S. market. This paper reviews the history of the standards, followed by a discussion of the major upcoming changes in implementation and stringency. It describes strategies that firms can use to meet the standards and reviews the CAFE literature as it applies to the new vehicle market. The paper concludes by highlighting areas for future research in light of the upcoming changes to CAFE. Key Words: CAFE, costs, structural estimation © 2010 Resources for the Future. All rights reserved. No portion of this paper may be reproduced without permission of the authors. Discussion papers are research materials circulated by their authors for purposes of information and discussion.
