## Propose utility function and analyze the meaning and influencing factors of each variable in the function . In order to maximize the utility,

For this assignment, you are expected to prepare a presentation. You only needs to write an one-page presentation transcript for the part of *Suggestions for future research. *In this presentation, you need to read the uploaded reading and finished part 2, and then write an one-page presentation script for *Suggestions for future research*

With the changing in fuel prices and new energy policies, individuals began to pay attention to gasoline taxes. The main research question of our presentation is to discuss whether the united state or Britain have the right gasoline taxes.

1. Propose utility function and analyze the meaning and influencing factors of each variable in the function . In order to maximize the utility, we will propose the optimal gasoline tax formula, and come up with three effects which makes optimal gasoline tax differ from MEC f.

2. discusses related parameter value. We will find the parameter value by specifying the central value and find plausible range in 90% confidence interval. According to Monte Carlo simulation we have enough evidence to prove the correctness of the data.

3. through the formula and specific parameter values, we will illustrating why and to what extent different between the United States and the United Kingdom, and discuss the degree of influence of these countries, and explore under what circumstances the gasoline tax is reasonable.

4. analyses VMT tax and give the relevant formulas ,we will discuss the advantage and disadvantage of VMT tax and gasoline tax. Finally put forward optimization directions and future research .

## Answer preview for Propose utility function and analyze the meaning and influencing factors of each variable in the function . In order to maximize the utility,

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