Replication data for: Are Consumers Poorly Informed about Fuel Economy? Evidence from Two Experiments
Principal Investigator(s): View help for Principal Investigator(s) Hunt Allcott; Christopher Knittel
Version: View help for Version V1
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Project Citation:
Allcott, Hunt, and Knittel, Christopher. Replication data for: Are Consumers Poorly Informed about Fuel Economy? Evidence from Two Experiments. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114709V1
Project Description
Summary:
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It is often asserted that consumers are poorly informed about and inattentive to fuel economy, causing them to buy low-fuel economy vehicles despite their own best interest. This paper presents evidence on this assertion through two experiments providing fuel economy information to new vehicle shoppers. Results show zero statistical or economic effect on average fuel economy of vehicles purchased. In the context of a simple optimal policy model, the estimates suggest that current and proposed US fuel economy standards are significantly more stringent than needed to address the classes of imperfect information and inattention addressed by our interventions.
Scope of Project
JEL Classification:
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C93 Field Experiments
D12 Consumer Economics: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment
Q48 Energy: Government Policy
C93 Field Experiments
D12 Consumer Economics: Empirical Analysis
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment
Q48 Energy: Government Policy
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