How Consumers Value Fuel Economy: A Literature Review
Fuel economy or CO2 emissions standards are a core component of government's policy strategies to address global climate change and energy security. Standards have been adopted by the United States, the European Union, Japan and China, among others. The annual costs and benefits of these standards easily amount to tens of billions of dollars. How consumers value future fuel savings in making car buying decisions has been shown to be a crucial determinant of the consequences of such standards for economic welfare. Yet surprisingly little is known about this vitally important subject. This review examines empirical evidence from 28 econometric studies that directly or indirectly estimated the value consumers place on fuel economy.
- Record URL:
-
Corporate Authors:
Oak Ridge National Laboratory
P. O. Box 2008
Oak Ridge, TN United States 37831Environmental Protection Agency
Office of Transportation and Air Quality
1200 Pennsylvania Avenue, NW
Washington, DC United States 20460 -
Authors:
- Greene, David L
- Publication Date: 2010-3
Language
- English
Media Info
- Media Type: Print
- Pagination: 79p
Subject/Index Terms
- TRT Terms: Carbon dioxide; Consumers; Economic analysis; Exhaust gases; Fuel consumption; Literature reviews; Policy making; Pollutants
- Uncontrolled Terms: Fuel efficiency
- Subject Areas: Energy; Highways; Planning and Forecasting; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01162512
- Record Type: Publication
- Report/Paper Numbers: EPA-420-R-10-008
- Files: TRIS
- Created Date: Jul 16 2010 11:36AM