Automobile Fuel Economy: What is it Worth?

Santosh Nair and Molly Espey

No 20102, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The marginal value of increased automobile fuel economy is estimated using a hedonic model of 2001 model year automobiles sold in the United States. This value is then compared to the average expected lifetime fuel savings attributable to increased fuel economy. Results indicate that automobile buyers fully internalize fuel cost savings attributable to improved fuel economy at low discount rates, and may partially internalize other perceived benefits of improved fuel economy such as reduction in global warming or fossil fuel dependence.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 20
Date: 2004
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: AUTOMOBILE FUEL ECONOMY: WHAT IS IT WORTH? (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20102

DOI: 10.22004/ag.econ.20102

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