Car Ownership in Relation to Income Distribution and Consumers' Spending Decisions
AbstractThis paper proposes a formal model of per capita private car ownership based on very simple and general assumptions on income distribution and consumers' spending decisions. The author justifies a theoretical S-shaped curve describing changes in ownership as a function of average per capita income, income's dispersion, and the 'cost/utility' ratio of owning a car. He applies the model to a panel of sixty-four countries and explains past variations in their ownership rates. Then, projections are performed to the year 2030. These suggest that important technical and sociological evolutions will be needed to 'meet the challenges of sustainability'. © 2010 LSE and the University of Bath
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. 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.
Bibliographic InfoArticle provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy (JTEP).
Volume (Year): 44 (2010)
Issue (Month): 2 (May)
Contact details of provider:
Web page: http://www.bath.ac.uk/e-journals/jtep
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Lescaroux, François, 2011. "Dynamics of final sectoral energy demand and aggregate energy intensity," Energy Policy, Elsevier, vol. 39(1), pages 66-82, January.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).
If references are entirely missing, you can add them using this form.