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	<title>Sightline InstituteElastic Gas - Sightline Institute</title>
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		<title>Elastic Gas</title>
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		<pubDate>Fri, 21 Dec 2007 17:30:00 +0000</pubDate>
		<description><![CDATA[When gas prices go up, our consumption goes down. | I don&#8217;t know about you, but I&#8217;ve been spending my holidays reading papers about the price elasticity of demand for gasoline. Wait, where are you going? Listen, I&#8217;m sure you&#8217;ve heard this before: &#8220;It doesn&#8217;t matter if we tax gas, people won&#8217;t change their behavior.&#8221; Or: &#8220;Gas prices go up and down, but people keep using just as much.&#8221; So here&#8217;s what&#8217;s interesting about my Yuletide reading: these claims just...]]></description>
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