Accelerated vehicle-retirement programs are currently being examined as one way to reduce hydrocarbon emissions. Forecasting participation rates in these programs is one of the major areas of uncertainty because the number of participants and their characteristics are likely to vary with the price offered to attract old cars. We present a theoretical model of the owner's car tenure and scrappage decision. Next, we develop and estimate an econometric model of participation in an old-vehicle scrap program using data from a recent program in the state of Delaware. We then predict participation rates at different possible offer prices.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 26 (1995) Issue (Month): 1 (Spring) Pages: 93-112 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: ().
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)