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dc.contributor.authorVance, Colinen_US
dc.contributor.authorMehlin, Markusen_US
dc.date.accessioned2009-03-11en_US
dc.date.accessioned2009-08-06T09:02:43Z-
dc.date.available2009-08-06T09:02:43Z-
dc.date.issued2009en_US
dc.identifier.isbn978-3-86788-100-5en_US
dc.identifier.urihttp://hdl.handle.net/10419/26854-
dc.description.abstractIn addition to efficiency standards and consumer information, car-related taxes constitute one of three pillars of the European Commission¿s strategy to reduce CO2 emissions from passenger cars. A longstanding question concerns the effectiveness of such taxes in determining the car-purchasing behavior of households. Several recent studies suggest that purchases are primarily determined by retail costs rather than by taxes, the latter of which are typically incurred over the lifetime of the car. Using panel data on new-car registrations in Germany, Europe's largest car market, the present paper addresses this issue with an econometric analysis of the impact of fuel costs and circulation taxes on car market shares. By employing a nested logit model that explicitly recognizes the segmented structure of the car market, the analysis takes account of correlation in unobserved shocks among cars belonging to the same market segment. Moreover, given the panel structure of the data, a fixed effects estimator is employed to control for the influence of unobservable, time- invariant automobile attributes that could otherwise induce biases in the estimated coefficients. Contrasting with much of the evidence garnered to date, the results suggest that circulation taxes and fuel costs significantly determine car market shares, and hence may serve as effective instruments in influencing the composition of the car fleet and associated CO2 emissions.en_US
dc.language.isoengen_US
dc.publisherRWI Essenen_US
dc.relation.ispartofseriesRuhr economic papers 89en_US
dc.subject.jelC51en_US
dc.subject.jelL91en_US
dc.subject.jelQ48en_US
dc.subject.ddc330en_US
dc.subject.keywordFuel taxen_US
dc.subject.keywordcirculation taxen_US
dc.subject.keywordcar marketen_US
dc.subject.keywordGermanyen_US
dc.subject.keywordpanel dataen_US
dc.subject.keywordnested logit modelen_US
dc.subject.stwKraftfahrzeugmarkten_US
dc.subject.stwNachfrageen_US
dc.subject.stwKraftfahrzeugsteueren_US
dc.subject.stwMineralölsteueren_US
dc.subject.stwÖkosteueren_US
dc.subject.stwVerkehrsökologieen_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleTax policy and CO2 emissions: an econometric analysis of the German automobile marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn593498305en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Ruhr Economic Papers, RWI
Publikationen von Forscherinnen und Forschern des RWI

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