The Misperception of Car Running Costs and its Impact on the Demand for Energy in the Transport Sector

This research identified, through a comprehensive assessment of cross-sectional and econometric models, the motorist's inability to take into account in making travel decisions even the marginal cost of using a car. As such, the work shows a misallocation of economic resources through the misperception of cost and in consequence identifies a considerable over-use of petrol. The paper examines the implications of this misperception of motoring costs, both to transport planning as it is currently practiced and to society in general in seeking an energy conservation program in the transport sector. The paper concludes with an assessment of possible ways of overcoming misperception and outlines proposed research programs to be undertaken for the European Economic Community (EEC).

• Corporate Authors:

  Gower Publishing Company

  Gower House, Croft Road
  Aldershot, Hampshire  United Kingdom  GU11 3HR
• Authors:
  • Metcalf, Alexander
• Conference:
  • Transport Research for Social and Economic Progress. Proceedings of the Second World Conference on Transport Research
  • Location: London , England
  • Date: 1980-4-14 to 1980-4-17
• Publication Date: 1981

Language

• English

Media Info

• Media Type: Print
• Features: Appendices; Figures; References; Tables;
• Pagination: pp 1583-1603
• Monograph Title: Transport Research for Social and Economic Progress

Subject/Index Terms

• TRT Terms: Costs; Decision making; Demand; Drivers; Energy; Energy consumption; Gasoline; Impact studies; Motor vehicles; Operating costs; Transportation planning
• Subject Areas: Energy; Finance; Highways; Vehicles and Equipment; I96: Vehicle Operating Costs;

Filing Info

• Accession Number: 01082919
• Record Type: Publication
• Files: TRIS
• Created Date: Dec 21 2007 7:56AM