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Energy Seminar: Mark Jacobsen, U.S. Fuel Economy Standards: Economics and Efficiency

The U.S. corporate average fuel economy (CAFE) standards place requirements on the efficiency of new vehicles sold and are a cornerstone of U.S. efforts to reduce gasoline use. They are currently slated for a sharp increase in stringency, nearly doubling the average fuel economy of new vehicles by 2025. I will present results from a set of three projects examining the economics behind these rules: First, I measure the overall costs of CAFE policy using detailed data on demand for new vehicles and a model of producer behavior. Second, I address the intertwined questions of vehicle size and accident safety in the context of CAFE. Finally, I will present results from a current working paper that measures the effects of CAFE on used vehicle scrappage.
Brief Bio:
Mark Jacobsen is an associate professor of economics at the University of California, San Diego and a research associate at the National Bureau of Economic Research. He received his Ph.D. in economics from Stanford University. Jacobsen's research focuses on environmental regulation and taxes and addresses two main themes: the first is environmental regulation of transportation and the automobile industry. The second considers optimal environmental policy in the context of the broader economy.

Details

When:

Monday, November 17, 2014. 04:15 PM

Where:

NVIDIA auditorium, Huang Engineering

Sponsor:

Precourt Institute for Energy
swang24@stanford.edu

Admission:

Free and open to all