Gasoline Demand with Heterogeneity in Household Responses
Fuel demand elasticities are typically based on aggregate data to determine consumer responses to tax increases or price shocks. However, this fails to capture the detailed distributional effect on different socio-economic groups, which is often needed to fully understand the impact of fuel tax measures. This paper presents results from a household level gasoline demand model which accommodates variation in price and income elasticity with increasing income as well as for different socio-economic groups. The paper finds substantial heterogeneity in price and income elasticities based on demographic groupings and income groups.
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Corporate Authors:
500 Fifth Street, NW
Washington, DC United States 20001 -
Authors:
- Wadud, Zia
- Graham, Daniel Joseph
- Noland, Robert B
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Conference:
- Transportation Research Board 87th Annual Meeting
- Location: Washington DC, United States
- Date: 2008-1-13 to 2008-1-17
- Date: 2008
Language
- English
Media Info
- Media Type: DVD
- Features: Figures; References; Tables;
- Pagination: 27p
- Monograph Title: TRB 87th Annual Meeting Compendium of Papers DVD
Subject/Index Terms
- TRT Terms: Demand; Demographics; Fuel taxes; Gasoline; Heterogeneity; Households; Income; Socioeconomic factors
- Uncontrolled Terms: Fuel prices
- Subject Areas: Economics; Highways; Planning and Forecasting; Society; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01088565
- Record Type: Publication
- Report/Paper Numbers: 08-0887
- Files: TRIS, TRB
- Created Date: Feb 25 2008 2:33PM