SOME FINDINGS ON ELASTICITIES OF DEMAND FOR PETROL
Recent years have seen enormous increases in the cash price of petrol, yet there seems to have been no more than A hiccup in the post-war trends towards increased car use and increased car ownership. This article puts these trends in perspective by examining increased petrol costs to the consumer in the context of rising income and deducing that in these terms petrol was at its cheapest in 1971-73 and, with the exception of these three years, it is now (July 1976) cheaper than it has been at any time since 1953. Secondly, this article presents some interesting computer predictions of effects of changing petrol prices on travel patterns.(a) /TRRL/
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/00410683
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Corporate Authors:
Printerhall Limited
29 Newmart Street
London W1P 3PE, England -
Authors:
- BONSALL, P W
- Champernowne, A F
- Publication Date: 1976-10
Language
- English
Media Info
- Features: Figures; References;
- Pagination: 3 p.
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Serial:
- Traffic Engineering & Control
- Volume: 17
- Issue Number: 10
- Publisher: Hemming Group, Limited
- ISSN: 0041-0683
- Serial URL: http://www.tecmagazine.com/
Subject/Index Terms
- TRT Terms: Computer programs; Costs; Digital computers; Economic forecasting; Elasticity (Mechanics); Evaluation and assessment; Forecasting; Fuel consumption; Fuels; Income; Mathematical models; Motor vehicles; Ownership; Travel; Travel patterns
- ITRD Terms: 224: Cost; 8673: Digital computer; 9020: Evaluation (assessment); 132: Forecast; 3850: Fuel; 232: Fuel consumption; 256: Income; 698: Journey; 6473: Mathematical model; 315: Vehicle ownership
- Subject Areas: Economics; Energy; Finance; Highways; Society; Vehicles and Equipment; I96: Vehicle Operating Costs;
Filing Info
- Accession Number: 00145423
- Record Type: Publication
- Source Agency: Transport and Road Research Laboratory (TRRL)
- Report/Paper Numbers: Analytic
- Files: ITRD, TRIS
- Created Date: Apr 27 1977 12:00AM