Pain at the Pump: The Differential Effect of Gasoline Prices on New and Used Automobile Markets

Meghan R. Busse, Christopher R. Knittel, Florian Zettelmeyer

NBER Working Paper No. 15590
Issued in December 2009

---- Acknowledgements -----

We are grateful for helpful comments from Severin Borenstein, Igal Hendel, Ryan Kellogg, Jorge Silva-Risso, Scott Stern and seminar participants at the ASSA, Iowa State, Ohio State, UC Berkeley, Yale, MIT, University of British Columbia, University of Toronto, Cornell, Northwestern University, Chicago Federal Reserve Bank, University of Chicago, Texas A&M, and the University of Rochester. We also thank participants at the NBER 2008 Winter IO conference. We thank the University of California Energy Institute (UCEI) for financial help in acquiring data. Busse and Zettelmeyer gratefully acknowledge the support of NSF grants SES-0550508 and SES-0550911. Knittel thanks the Institute of Transportation Studies at UC Davis for support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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