We show that including Google Search Volume Index (GSVI) for bus and train, as proxies for the willingness of the consumers to use public transportation services, improves the explanatory power of the estimated demand for the United States retail…
The short-term elasticity of gasoline consumption is determined by both vehicle distances traveled and the efficiency with which each mile is driven. Rarely is the latter observed. We use novel micro-level data on on-road fuel consumption and fuel…