Prospect theory holds that human beings faced with a risky bet will tend to value potential losses about twice as much as potential gains. Previous research has demonstrated that prospect theory could be sufficient to explain an energy paradox in the market for automotive fuel economy. This...

This article discusses the results of 2 alternative approaches for estimating the energy- savings impact of Department of Energy (DOE) conservation programs. The first approach analyzed program-by-program estimates that indicated DOEprograms reduced U. S. energy use by more than 0.5 quadrillion...

Transportation is typically the largest petroleum-using sector in less developed countries and is generally dominated by road transport. Despite this fact, energy planning and conservation assistance have concentrated on other sectors, partly because of a lack of experience with transport-energy...

Speed-fuel consumption relationships were estimated using data on 350 1965–77 model year automobiles collected by Consumer Reports magazine. Three functional forms relating fuel consumption to speed were estimated and a summary with descriptive statistics was also computed. The results show...

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...