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Estimating Rebound Effects in Personal Automotive Transport: Gas Price and the Presence of Hybrids

Carlena Cochi Ficano and Patrick Thompson

The American Economist, 2014, vol. 59, issue 2, 167-175

Abstract: Energy conservation gains within the personal vehicle fleet are undermined if drivers respond to declining transportation prices by increasing the quantity of transportation demanded, a phenomenon referred to as “rebound.†In this analysis, we estimate transportation rebound in the U.S. using 2009 vehicle level data from the National Household Travel Survey (NHTS). Results from OLS and IV models indicate that a one percent reduction in driving cost associates with between a 0.56 and a 0.78 percent increase in vehicle miles traveled, with the effect more pronounced in single than multiple vehicle households and among drivers with the lowest driving intensity.

Keywords: gasoline price elasticity; transportation demand; vehicles; fuel efficiency; rebound effect (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1177/056943451405900207

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Handle: RePEc:sae:amerec:v:59:y:2014:i:2:p:167-175