The Demand for Automobile Fuel: A Survey of Elasticities
A survey is made of the international research on the response of motorists to fuel price changes and an assessment of the orders of magnitude of the relevant income and price effects. The paper highlights some new results and directions that have appeared in the literature. The evidence shows important differences between the long- and short-run price elasticities of fuel consumption. © The London School of Economics and the University of Bath 2002
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