A key element in the long run response of the automotive market to higher fuel prices is consumers' willingness to pay for fuel economy improvements. Eight recent studies are examined and estimates of asset price/operating cost discount rates are derived for each. A critical comparison of...

A regional, econometric model of heavy truck diesel fuel use is derived based on the theory of production. Input demand functions for new trucks and diesel fuel are specified and estimated. A simple, logistic scrappage model is estimated and used to estimate total heavy truck stocks and...

Understanding the potential market for limited-range vehicles is important to planning research and development programs for electric and hybrid vehicles and for gaseous-fueled vehicles as well. Studies of consumer preferences and perceptions have shown vehicle range to be a very important...