Abstract

https://ssrn.com/abstract=904747
 
 

References (25)



 
 

Citations (3)



 


 



Automobile Fuel Economy: What Is it Worth?


Molly Espey


Clemson University, John E. Walker Department of Economics

Santosh Nair


affiliation not provided to SSRN

July 2005

Contemporary Economic Policy, Vol. 23, Issue 3, pp. 317-323, 2005

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.

Number of Pages in PDF File: 7


Date posted: May 27, 2006  

Suggested Citation

Espey, Molly and Nair, Santosh, Automobile Fuel Economy: What Is it Worth? (July 2005). Contemporary Economic Policy, Vol. 23, Issue 3, pp. 317-323, 2005. Available at SSRN: https://ssrn.com/abstract=904747

Contact Information

Molly Espey (Contact Author)
Clemson University, John E. Walker Department of Economics ( email )
247 Sirrine Hall
Clemson, SC 29634-0355
(864) 656-6401 (Phone)
HOME PAGE: http://people.clemson.edu/~mespey
Santosh Nair
affiliation not provided to SSRN
Feedback to SSRN


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