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dc.contributor.author Fifer, Daniel Paul Catron
dc.contributor.author Bunn, Nicholas Patrick
dc.date.accessioned 2009-09-15T19:26:44Z
dc.date.available 2009-09-15T19:26:44Z
dc.date.issued 2009
dc.identifier.uri http://hdl.handle.net/10161/1380
dc.description Honors thesis, Department of Economics en_US
dc.description.abstract The need for and efficacy of CAFE standards for auto-makers depends largely on whether consumers properly value fuel efficiency in their vehicle purchases. In this paper we use data describing heterogeneous driving behavior and a hedonic model of new car prices to evaluate how well consumers value incremental changes in fuel economy in terms of avoided fuel costs. Results indicate car and SUV buyers mostly underpay for initial fuel economy investment while truck and van buyers dramatically overpay for fuel economy relative to avoided cost – implying that CAFE standards may be most necessary in car and SUV markets. en_US
dc.format.extent 647493 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.title Assessing Consumer Valuation of Fuel Economy in Auto Markets en_US
dc.department Economics

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