NDLI: Why the New Market for New Passenger Cars Generally Undervalues Fuel Economy

Please wait, while we are loading the content...

Electric Vehicles: A Tentative Economic and Environmental Evaluation

Effective Regulatory Institutions. The Regulator's Role in the Policy Process, Including Issues of Regulatory Independence.

Effective Regulatory Institutions for Air Transport. A European Perspective.

Transport Regulation from Theory to Practice. General Observations and a Case Study.

The Practice of Cost-Benefit Analysis in the Transport Sector: A Mexican Perspective

The Practice of Cost-Benefit Analysis in Transport: The Case of France

Cost-Benefit Analysis in Transport. A UK Perspective.

Transport Outlook 2010. The Potential for Innovation.

What Sustainable Road Transport Future?. Trends and Policy Options.

Stimulating Low-Carbon Vehicle Technologies. Summary and Conclusions.

Implementing Congestion Charging. Summary and Conclusions.

The Future of Interurban Passenger Transport. Bringing Citizens Closer Together - 18th International Symposium on Transport Economics and Policy.

Innovation in Truck Technologies

The Impact of Economic Instruments on the Auto Industry and the Consequences of Fragmenting Markets. Focus on the EU Case.

Combinations of Instruments to Achieve Low-Carbon Vehicle-Miles

The Demand for and the Supply of Fuel Efficiency in Models of Industrial Organisation

Why the New Market for New Passenger Cars Generally Undervalues Fuel Economy

Revisiting the Cost of the Stockholm Congestion Charging System

So You're Considering Introducing Congestion Charging?. Here's what you need to know.

Critical Success Factors for Implementing Road Charging Systems

Road Pricing with Complication

The Singapore Experience. The evolution of technologies, costs and benefits, and lessons learnt.

Does SEA Change Outcomes?

The Contribution of Strategic Environmental Assessment to Transport Policy Governance

The Economics of CO2 Emissions Trading for Aviation

Environmental Aspects of Inter-City Passenger Transport

Potential Economic Impacts of Technological and Organisational Innovations in Intermodal Access to Major Passenger Terminals

The Informed and Oriented Transport System User

Dedicated Lanes, Tolls and ITS Technology

When Should We Provide Separate Auto and Truck Roadways?

Competition for Long Distance Passenger Rail Services. The Emerging Evidence.

Estimating the Agglomeration Benefits of Transport Investments. Some Tests for Stability.

Long-Distance Passenger Rail Services in Europe. Market Access Models and Implications for Germany.

Long-Distance Bus Services in Europe. Concessions or Free Market?.

Lessons from the U.S. Transport Deregulation Experience for Privatization

Competition or Cooperation in Public Transport

Interurban Passenger Transport. Economic Assessment of Major Infrastructure Projects.

High-Speed Inter-City Transport System in Japan Past, Present and the Future

When to Invest in High-Speed Rail Links and Networks?

International Air Passenger Transport in the Future

The Prospects for Inter-Urban Travel Demand

How Transport Costs Shape the Spatial Pattern of Economic Activity

Transport Outlook 2009 (preliminary version). Globalisation, Crisis and Transport.

Greenhouse Gas Emissions Reduction Potential from International Shipping

Policy Instruments to Limit Negative Environmental Impacts from Increased International Transport. An Economic Perspective.

Integration and Competition between Transport and Logistics Businesses

Competitive Interaction between Airports, Airlines and High-Speed Rail

Security,Risk Perception and Cost-Benefit Analysis

Railway and Ports Organization in the Republic of South Africa and Turkey. The Integrator's Paradise?.

Are Horizontal Mergers and Vertical Integration a Problem?

Market Power and Vertical and Horizontal Integration in the Maritime Shipping and Port Industry

Empirical Evidence for Integration and Disintegration of Maritime Shipping, Port and Logistics Activities

Security and Risk-Based Models in Shipping and Ports. Review and Critical Analysis.

Toward Risk-Based Aviation Security Policy

Economic Impact Analysis of Terrorism Events. Recent Methodological Advances and Findings.

Rational Behaviour, Risk Aversion, High Stakes for Society

Port Competition and Hinterland Connections

The Impact of Climate Change Policy on Competition in the Air Transport Industry

Impacts of Airports on Airline Competition. Focus on Airport Performance and Airport-Airline Vertical Relations.

The Economic Effects of High Speed Rail Investment

The Role of Accessibility in Passengers' Choice of Airports

The Airport Industry in a Competitive Environment. A United Kingdom Perspective.

Transport Outlook 2008. Focusing on CO2 Emissions from Road Vehicles.

The Costs and Effectiveness of Police to Reduce Vehicle Emissions

Responding to Increasing Port-related Freight Volumes. Lessons from Los Angeles / Long Beach and Other US Ports and Hinterlands.

Ensuring Hinterland Access The Role of Port Authorities

The Relationship between Seaports and the Inter-Modal Hinterland in Light of Global Supply Chains

The Impact of Hinterland Access Conditions on Rivalry between Ports

Oil Dependence: Is Transport Running out of Affordable Fuel?

Biofuels: Linking Support to Performance

The Wider Economic Benefit of Transport. Macro-, Meso and Micro Transport Planning and Investment Tools.

Importance du prix du pétrole dans le prix du transport de marchandises

Full Account of the Costs and Benefits of Reducing CO2 Emissions in Transport

The Design of Effective Regulations of Transport

How Should Transport Emissions Be Reduced?. Potential for Emission Trading Systems.

Medium-term Oil Market Uncertainties

Reserve Driven Forecasts for Oil, Gas & Coal and Limits in Carbon Dioxide Emissions. Peak Oil, Peak Gas, Peak Coal and Peak CO2.

Peak Oil and the Evolving Strategies of Oil Importing and Exporting Countries. Facing the Hard Truth about an Import Decline for the OECD countries.

Long Run Trends in Transport Demand, Fuel Price Elasticities and Implications of the Oil Outlook for Transport Policy

Future Prices and Availability of Transport Fuels

Progress and Challenges in the Application of Economic Analysis for Transport Policy and Decision Making

Economic Benefits of Investments in Transport Infrastructure

Transport Infrastructure Inside and Across Urban Regions. Models and Assessment Methods.

Agglomeration Economies and Transport Investment

The Broader Benefits of Transportation Infrastructure

Recent Evolution of Research into the Wider Economic Benefits of Transport Infrastructure Investments

The Wider Economic Benefits of Transportation. An Overview.

The Environmental Certification of Biofuels

The Performance of Brazilian Biofuels. An Economic, Environmental and Social Analysis.

Sustainable Biofuels for the Transport Sector

Subsidies: The Distorted Economics of Biofuels

Energy and Greenhouse Impacts of Biofuels. A Framework for Analysis.

Examining Fuel Economy and Carbon Standards for Light Vehicles

Why the New Market for New Passenger Cars Generally Undervalues Fuel Economy

Content Provider	OECD iLibrary
Author	Greene, David
Abstract	Passenger vehicles are a major source of greenhouse gas emissions and prodigious consumers of petroleum, making their fuel economy an important focus of energy policy. Whether or not the market for fuel economy functions efficiently has important implications for both the type and intensity of energy and environmental policies for motor vehicles. There are undoubtedly imperfections in the market for fuel economy but their consequences are difficult to quantify. The evidence from econometric studies, mostly from the US, is reviewed and shown to vary widely, providing evidence for both significant under- and over-valuation and everything in between. Market research is scarce, but indicates that the rational economic model, in general, does not appear to be used by consumers when comparing the fuel economy of new vehicles. Some recent studies have stressed the role of uncertainty and risk or loss aversion in consumers’ decision making. Uncertainty plus loss aversion appears to be a reasonable theoretical model of consumers’ evaluation of fuel economy, with profound implications for manufacturers’ technology and design decisions. The theory implies that markets will substantially undervalue fuel economy relative to its expected present value. It also has potentially important implications for welfare analysis of alternative policy instruments.
Language	English
Publisher	OECD Publishing
Publisher Date	2010-01-01
Access Restriction	Open
Subject Keyword	Transport
Content Type	Text
Resource Type	Article

Central Library (ISO-9001:2015 Certified)
Indian Institute of Technology Kharagpur
Kharagpur, West Bengal, India | PIN - 721302

See location in the Map
03222 282435
Mail: support@ndl.gov.in

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in