A NOTE ON IMPLICIT CONSUMER DISCOUNTING OF AUTOMOBILE FUEL ECONOMY: REVIEWING THE AVAILABLE EVIDENCE

A key element in the long run response of the automotive market to higher fuel prices is consumers' willingness to pay for fuel economy improvements. Eight recent studies are examined and estimates of asset price/operating cost discount rates are derived for each. A critical comparison of results suggests that most are implausible. Plausible estimates range from 4 to 40% as a function of household income. (Author/TRRL)

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
• Corporate Authors:

  Pergamon Press, Incorporated

  Headington Hill Hall
  Oxford OX30BW,    
• Authors:
  • Greene, D L
• Publication Date: 1983-12

Media Info

• Features: References; Tables;
• Pagination: p. 491-499
• Serial:
  • Transportation Research Part B: Methodological
  • Volume: 17B
  • Issue Number: 6
  • Publisher: Elsevier
  • ISSN: 0191-2615
  • Serial URL: http://www.sciencedirect.com/science/journal/01912615

Subject/Index Terms

• TRT Terms: Attitudes; Automobiles; Costs; Fuel consumption; Fuels; Households; Improvements; Income; Market research; Motor vehicles; Operating costs; Prices
• ITRD Terms: 2267: Attitude (psychol); 1243: Car; 224: Cost; 3850: Fuel; 232: Fuel consumption; 309: Household; 9108: Improvement; 256: Income; 221: Operating costs
• Subject Areas: Energy; Finance; Highways; Society; Vehicles and Equipment; I96: Vehicle Operating Costs;

Filing Info

• Accession Number: 00382150
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Report/Paper Numbers: HS-036 482
• Files: HSL, ITRD, TRIS
• Created Date: Apr 30 1984 12:00AM