A DERIVED DEMAND MODEL OF REGIONAL HIGHWAY DIESEL FUEL USE

A regional, econometric model of heavy truck diesel fuel use is derived based on the theory of production. Input demand functions for new trucks and diesel fuel are specified and estimated. A simple. logistic scrappage model is estimated and used to estimate total heavy truck stocks and diesel-engine heavy truck stocks. Demand equations based on the AIDS almost ideal demand system flexible form cost function are estimated for new heavy truck demand and regional highway diesel fuel demand. New heavy truck demand is found to be elastic with respect to GNP, inelastic with respect to own price, and appears extremely extremely sensitive to short term GNP trends. The short run price elasticity of diesel fuel demand is found to be very small.

• 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: 1984-2

Media Info

• Pagination: p. 43-61
• Serial:
  • Transportation Research Part B: Methodological
  • Volume: 18B
  • Issue Number: 1
  • Publisher: Elsevier
  • ISSN: 0191-2615
  • Serial URL: http://www.sciencedirect.com/science/journal/01912615

Subject/Index Terms

• TRT Terms: Demand; Diesel fuels; Econometric models; Gross national product; Heavy vehicles; Mathematical models; Mechanical elasticity; Supply
• Uncontrolled Terms: Supply and demand
• Subject Areas: Highways; Vehicles and Equipment; I96: Vehicle Operating Costs;

Filing Info

• Accession Number: 00391672
• Record Type: Publication
• Source Agency: Energy Research Abstracts
• Files: TRIS
• Created Date: Jan 30 1985 12:00AM