IDEAS home Printed from https://ideas.repec.org/p/sur/seedps/77.html
   My bibliography  Save this paper

The Demand for Car Fuel Efficiency: An Hedonic Price Approach

Author

Listed:
  • Robert Witt

    (Department of Economics, University of Surrey)

Abstract

This paper uses an hedonic price approach to estimate the effect of petrol price changes on fuel efficiency and other attributes using data for new cars in the UK. In contrast with Atkinson and Halvorsen (1984), the long-run petrol price elasticity of demand for fuel efficiency is very small, suggesting that the long-run own-price elasticity of demand for petrol is less than unity. The results imply that the adjustment process within the new car market permits little substitution for more fuel efficient cars in response to petrol price changes.

Suggested Citation

  • Robert Witt, 1994. "The Demand for Car Fuel Efficiency: An Hedonic Price Approach," Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS) 77, Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey.
    • Handle: RePEc:sur:seedps:77
    as

    Download full text from publisher

    File URL: https://repec.som.surrey.ac.uk/seeds/SEEDS77.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sur:seedps:77. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mona Chitnis (email available below). General contact details of provider: https://edirc.repec.org/data/eesuruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.