My da|ra Login

Detailed view

metadata language: English

Replication data for: The Welfare Effects of Misperceived Product Costs: Data and Calibrations from the Automobile Market

Version
V0
Resource Type
Dataset
Creator
  • Allcott, Hunt
Publication Date
2013-01-02
Description
  • Abstract

    This analysis exploits new data from the Vehicle Ownership and Alternatives Survey, which elicits beliefs over the financial benefits of owning higher fuel economy vehicles. The data are used to test for underestimation and to document evidence of "MPG Illusion": consumers think as if fuel costs scale linearly in miles per gallon instead of gallons per mile. Counterfactuals suggest that the MPG Illusion reduces welfare by less than $4 per new vehicle. Furthermore, even the most severe plausible underestimation of the financial benefits of fuel economy cannot account for the consumer welfare gains attributed to fuel economy standards.
Availability
Download
Relations
  • Is supplemented by
    DOI: 10.1257/pol.5.3.30 (Text)
Publications
  • Allcott, Hunt. “The Welfare Effects of Misperceived Product Costs: Data and Calibrations from the Automobile Market.” American Economic Journal: Economic Policy 5, no. 3 (August 2013): 30–66. https://doi.org/10.1257/pol.5.3.30.
    • ID: 10.1257/pol.5.3.30 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Allcott, Hunt (2013): Replication data for: The Welfare Effects of Misperceived Product Costs: Data and Calibrations from the Automobile Market. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114833