HOW FAR FOR A BUCK? TAX DIFFERENCES AND THE LOCATION OF RETAIL GASOLINE ACTIVITY IN SOUTHEAST CHICAGOLAND

被引：25

作者：

Manuszak, Mark D. ^{[1
]}

Moul, Charles C. ^{[2
]}

机构：

[1] Fed Reserve Board Governors, Washington, DC USA

[2] Miami Univ, Oxford, OH 45056 USA

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2009年 / 91卷 / 04期

关键词：

COMPETITION; MARKETS; PRICES; INDUSTRIES; ENTRY;

D O I：

10.1162/rest.91.4.744

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We exploit variation in gasoline and cigarettes taxes in adjacent political jurisdictions for northern Illinois and Indiana to examine consumers' trade-off between prices and travel. We develop a model that relates activity in the retail gasoline industry around the tax borders to consumer locations. Our results indicate that the willingness of a typical Chicagoland consumer to travel an additional mile to buy gasoline corresponds to about $0.065 to $0.084 per gallon. According to our estimates, the observed area of Chicago, the jurisdiction with the highest taxes, is missing approximately 40% of the capacity that would exist were taxes equalized.

引用

页码：744 / 765

页数：22

共 21 条

[11] GMM estimation with cross sectional dependence [J].