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.
- Prepared for SAE Meeting 26 February-2 March, 1979.
Warrendale, PA USA 15096
- Reck, R O
- Publication Date: 1979
- Features: References;
- Pagination: 13 p.
- Society of Automotive Engineers Preprint
- Publisher: Society of Automotive Engineers
- TRT Terms: Automobiles; Economic factors; Economics; Energy conservation; Fuel conservation; Fuel consumption; Linear programming; Motor vehicles; Standards
- Old TRIS Terms: Economic considerations
- Subject Areas: Economics; Energy; Environment; Highways; Vehicles and Equipment;
- Accession Number: 00301729
- Record Type: Publication
- Source Agency: Engineering Index
- Report/Paper Numbers: SAE 7900381
- Files: TRIS
- Created Date: Nov 27 1979 12:00AM