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| Author: | Stoneman, P. Battisi, G. |
| Title: | The role of regulation, fiscal incentives, and changes in tastes in the diffusion of unleaded petrol |
| Journal: | Oxford Economic Papers
2000 : APR, VOL. 52:2, p. 326-356 |
| Index terms: | PETROLEUM INDUSTRY FISCAL POLICY STOCKS |
| Language: | eng |
| Abstract: | This paper analyses the diffusion of unleaded petrol in the UK. Changes in the market share of unleaded fuel are the result of changes in the composition of the car stock and changes in the choice of fuel given the car stock. The authors find that fuel type choices have been mainly driven by changes in tastes and learning as opposed to changes in relative prices induced by fiscal incentives. However, car stock composition effects dominate the diffusion process and the authors find that through this route regulatory changes have made major contributions to changes in the market share of unleaded fuel. |
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