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Rebound 2007: Analysis of U.S. light-duty vehicle travel statistics

  • Greene, David L.
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    U.S. national time series data on vehicle travel by passenger cars and light trucks covering the period 1966–2007 are used to test for the existence, size and stability of the rebound effect for motor vehicle fuel efficiency on vehicle travel. The data show a statistically significant effect of gasoline price on vehicle travel but do not support the existence of a direct impact of fuel efficiency on vehicle travel. Additional tests indicate that fuel price effects have not been constant over time, although the hypothesis of symmetry with respect to price increases and decreases is not rejected. Small and Van Dender (2007) model of a declining rebound effect with income is tested and similar results are obtained.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0301421510002739
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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 41 (2012)
    Issue (Month): C ()
    Pages: 14-28

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    Handle: RePEc:eee:enepol:v:41:y:2012:i:c:p:14-28
    DOI: 10.1016/j.enpol.2010.03.083
    Contact details of provider: Web page: http://www.elsevier.com/locate/enpol

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    15. Dermot Gately, 1992. "Imperfect Price-Reversibility of U.S. Gasoline Demand: Asymmetric Responses to Price Increases and Declines," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 179-208.
    16. David L. Greene & James R. Kahn & Robert C. Gibson, 1999. "Fuel Economy Rebound Effect for U.S. Household Vehicles," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 1-31.
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    18. A. Greening, Lorna & Greene, David L. & Difiglio, Carmen, 2000. "Energy efficiency and consumption -- the rebound effect -- a survey," Energy Policy, Elsevier, vol. 28(6-7), pages 389-401, June.
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