Estimating Rebound Effects in Personal Automotive Transport: Gas Price and the Presence of Hybrids
Carlena Cochi Ficano and
The American Economist, 2014, vol. 59, issue 2, 167-175
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 â€œrebound.â€ 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)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:59:y:2014:i:2:p:167-175
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