INDUCING THE DEVELOPMENT AND ADOPTION OF SOCIALLY EFFICIENT AUTOMOTIVE TECHNOLOGY

Federal policies for inducing the development and adoption of innovative automobile technology are examined using a welfare economics framework. Socially efficient technology is defined, and criteria are identified for evaluating public policies; these include (a) feasibility and efficacy, (b) mechanism for tradeoffs, (c) information requirements, (d) incentives for information generation, (e) incentives for optimizing technology, and (f) effects on uncertainty. Current and alternative policies are evaluated by the criteria. Policies which place greater reliance on market forces, product information, and fiscal incentives can overcome many of the barriers to innovation which confront performance standards.

  • Corporate Authors:

    CHARLES RIVER ASSOCIATES

    CAMBRIDGE, MA  USA 

    Transportation Systems Center

    55 Broadway, Kendall Square
    Cambridge, MA  USA  02142
  • Authors:
    • BOYD, H
  • Publication Date: 1978-2

Media Info

  • Pagination: 63 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00176014
  • Record Type: Publication
  • Source Agency: National Technical Information Service
  • Report/Paper Numbers: CRA-322, DOT-TSC-RSPD-78-4
  • Files: NTIS
  • Created Date: Jul 19 2002 12:00AM