Long-run structure of transportation and gasoline demand

Journal Article · · Bell J. Econ.; (United States)

DOI:https://doi.org/10.2307/3003465· OSTI ID:6205834

Wheaton, W C

This article reports estimates of a cross-national model for automobile ownership, fleet fuel efficiency, driving per vehicle, and as derived from these three, gasoline consumption. The model is a recursive system of equations derived by aggregating individual behavioral equations for the choice of a durable good and its usage. Results suggest that across countries, gasoline price differences exert themselves primarily by affecting the amount of driving, and not as time-series studies show, through fleet fuel efficiency. The estimates also suggest that gasoline consumption is much more income-elastic than it was previously thought to be, and that most of this income effect derives from the impact of income on auto ownership. 21 references, 1 figure, 7 tables.

• Research Organization: Massachusetts Inst. of Tech., Cambridge
• OSTI ID: 6205834
• Journal Information: Bell J. Econ.; (United States), Journal Name: Bell J. Econ.; (United States) Vol. 13:2; ISSN BJECD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
291000 -- Energy Planning & Policy-- Conservation
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320203* -- Energy Conservation
Consumption
& Utilization-- Transportation-- Land & Roadway
AUTOMOBILES
ECONOMIC ELASTICITY
ENERGY CONSUMPTION
FUEL CONSUMPTION
FUEL ECONOMY
FUELS
GASOLINE
LIQUID FUELS
OWNERSHIP
PETROLEUM PRODUCTS
TRANSPORTATION SECTOR
VEHICLES