Consumer Preferences for Automobile Energy Efficiency Grades

Chang Seob Kim, Yoonmo Koo (), Ie-jung Choi, Junhee Hong and Jongsu Lee ()

No 200932, TEMEP Discussion Papers from Seoul National University; Technology Management, Economics, and Policy Program (TEMEP)

Abstract: Recently, increases in energy prices have made energy conservation and efficiency improvements even more essential than in the past. With the rising cost of oil, specifically, energy efficiency has become one of the principal factors relevant to the choice of an automobile. However, due to the difficulty experienced by general consumers in obtaining reliable information regarding energy efficiency, in many countries around the world energy efficiency label regulations have been implemented which enforce a system of energy efficiency grade labeling. In this study, consumer preferences regarding energy efficiency grade were analyzed by estimating the marginal willingness to pay and the relative importance of energy efficiency grade using several discrete choice methods, including the multinomial logit, mixed logit, and mixed multiple discrete-continuous extreme value models.

Keywords: multinomial logit; mixed logit; multiple discrete-continuous extreme value; energy efficiency grade; willingness to pay; relative importance (search for similar items in EconPapers)
JEL-codes: C13 H21 H23 O33 O53 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2009-11, Revised 2009-11
New Economics Papers: this item is included in nep-dcm and nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://temep-repec.my-groups.de/DP-32.pdf First version, 2009 (application/pdf)

Related works:
Journal Article: Consumer preferences for automobile energy-efficiency grades (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:snv:dp2009:200932

Access Statistics for this paper

More papers in TEMEP Discussion Papers from Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) Contact information at EDIRC.
Bibliographic data for series maintained by Jorn Altmann ().