Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5101767 | Journal of Public Economics | 2017 | 13 Pages |
Abstract
Policymakers have prioritized increasing highway revenues as rising fuel economy and a fixed federal gasoline tax have led to highway funding deficits. We use a novel disaggregate sample of motorists to estimate the effect of the price of a vehicle mile traveled on VMT, and we provide the first national assessment of VMT and gasoline taxes that are designed to raise a given amount of revenue. We find that a VMT tax dominates a gasoline tax on efficiency, distributional, and political grounds when policymakers enact independent fuel economy policies and when the VMT tax is differentiated with externalities imposed per mile.
Keywords
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Economics and Econometrics
Authors
Ashley Langer, Vikram Maheshri, Clifford Winston,