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Replication data for: High Frequency Evidence on the Demand for Gasoline

Version
1
Resource Type
Dataset
Creator
  • Levin, Laurence
  • Lewis, Matthew S.
  • Wolak, Frank A.
Publication Date
2017-08-01
Description
  • Abstract

    Daily city-level expenditures and prices are used to estimate the price responsiveness of gasoline demand in the United States. Using a frequency of purchase model that explicitly acknowledges the distinction between gasoline demand and gasoline expenditures, the price elasticity of demand is consistently found to be an order of magnitude larger than estimates from recent studies using more aggregated data. Estimating demand using higher levels of spatial and temporal aggregation is shown to produce increasingly inelastic estimates. A decomposition is then developed and implemented to understand the relative importance of several different factors in explaining this result.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20140093 (Text)
Publications
  • Levin, Laurence, Matthew S. Lewis, and Frank A. Wolak. “High Frequency Evidence on the Demand for Gasoline.” American Economic Journal: Economic Policy 9, no. 3 (August 2017): 314–47. https://doi.org/10.1257/pol.20140093.
    • ID: 10.1257/pol.20140093 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Levin, Laurence; Lewis, Matthew S.; Wolak, Frank A. (2017): Replication data for: High Frequency Evidence on the Demand for Gasoline. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114607V1