METHODOLOGY OF PASSENGER AUTOMOBILE FUEL ECONOMY RULEMAKING -- 2. ECONOMICS

The Energy Policy and Conservation Act requires that both technical feasibility and economic practicability be considered in establishing fuel economy standards for new motor vehicles. Economic efficiency considerations and the social welfare implications associated with fuel economy standard setting require that such technical and economic considerations be simultaneously evaluated. A method of performing this joint analysis is through the use of the principles of Social Welfare Theory combined with the computational method of Linear Programming. The result of the analysis provides estimates of fuel economy standards which are technologically, economically, and socially efficient.

  • Supplemental Notes:
    • Prepared for SAE Meeting 26 February-2 March, 1979.
  • Corporate Authors:

    Society of Automotive Engineers (SAE)

    400 Commonwealth Drive
    Warrendale, PA  United States  15096
  • Authors:
    • Reck, R O
  • Publication Date: 1979

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00301729
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Report/Paper Numbers: SAE 7900381
  • Files: TRIS
  • Created Date: Nov 27 1979 12:00AM