Fuel economy: The case for market failure

Reducing Climate Impacts in the Transportation Sector

Volumn , Issue , 2009, Pages 181-205

  Greene, David L ^a   German, John ^b   Delucchi, Mark A ^b  

^a ORNL   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 70349361717     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1007/978-1-4020-6979-6_11     Document Type: Conference Paper

References (32)

1. American Council for an Energy Efficiency Economy (ACEEE). 2007. "Quantifying the Effects of Market Failures in the End-Use of Energy," Final draft report prepared for the International Energy Agency, by ACEEE, Washington, D.C., February.
2. An, F., D.Gordon,H.He, D. Kodjak andD.Rutherford. 2007. "Passenger VehicleGreenhouse Gas and Fuel Economy Standards: A Global Update," International Council on Clean Transportation,Washington, D.C., July.
3. Benatzi, S. and R.H. Thaler. 1995. "Myopic Loss Aversion and the Equity Premium Puzzle," The Quarterly Journal of Economics, vol. 110, no. 1, pp. 73-92.
4. Congressional Budget Office (CBO). 2003. "The Economic Costs of Fuel Economy Standards Versus a Gasoline Tax," Congress of the United States, Washington, D.C., December.
5. Davis, S.C. and S.W. Diegel. 2007. Transportation Energy Data Book: Ed. 26, ORNL-6978, Oak Ridge National Laboratory, Oak Ridge, Tennessee.
6. Espey, M. 2005. "Do Consumers Value Fuel Economy?" Regulation,Winter 2005-2006, pp. 8-10.
7. The conclusions in the above article are based on Espey, M. and S. Nair, 2005. "Automobile Fuel Economy: What is itWorth?",ContemporaryEconomic Policy, vol. 23, no. 3, pp. 317-323.
8. Fischer, C., W. Harrington and I.W.H. Parry. 2004. "Economic Impacts of Tightening the Corporate Average Fuel Economy (CAFE) Standards," report prepared for the Environmental Protection Agency and the National Highway Traffic Safety Administration by Resources for the Future, Washington, D.C., June 4, 2004.
9. Gal, D. 2006. "A Psychological Law of Inertia and the Illusion of Loss Aversion," Judgment and Decision Making, vol. 1, no. 1, pp. 23-32.
10. Goldstein, D.B. 2007. Saving Energy Growing Jobs, Bay Tree Publishing, Berkeley, California.
11. Greene, D.L., R. Goeltz, J. Hopson and E. Tworek. 2006. "Analysis of In-Use Fuel Economy Shortfall by Means of Voluntarily Reported Fuel Economy Estimates," Transportation Research Record No. 1983, Transportation Research Board, Washington, D.C
12. Heavenrich, R.M. 2006. "Light-Duty Automotive Technology and Fuel Economy Trends: 1975 through 2006," EPA420-R-06-011, Office of Transportation and Air Quality, U.S. Environmental Protection Agency, Ann Arbor, Michigan, July.
13. Hopson, J.L. 2007. Personal communication, National Transportation Research Center, Knoxville, Tennessee, August 13.
14. Howarth, R.B. and A.H. Sanstad. 1995. "Discount Rates and Energy Efficiency," Contemporary Economic Policy, vol. 13, no. 3, pp. 101-109.
15. National Research Council (NRC). 2002. Effectiveness and Impact of Corporate Average Fuel Economy (CAFE) Standards, National Academies Press, Washington, D.C.
16. International Energy Agency (IEA). 2001. Saving Oil and Reducing CO2 Emissions in Transport, OECD, Paris.
17. International EnergyAgency (IEA). 2000. "Policies andMeasures toMitigateGHGEmissions: Transportation Options (LDV) Technical Appendix," OECD, Paris,March.
18. International Energy Agency (IEA). 1991. Fuel Efficiency of Passenger Cars, OECD, Paris.
19. International Energy Agency (IEA) 1984. Fuel Efficiency of Passenger Cars, OECD, Paris.
20. Nye, R. 2002. "Qualitative Research Report: ORNL/NTRC Focus Groups," conducted by the Looking Glass Group, Knoxville, Tennessee, April 8, 2002.
21. Opinion Research Corporation. 2004. "CARAVAN ORC Study #713218 for the National Renewable Energy Laboratory," Princeton, New Jersey, May 20, 2004.
22. Opinion Research Corporation. 2007. "CARAVAN ORC Study 716159 for the National Renewable Energy Laboratory," Princeton, New Jersey, April 13, 2007.
23. Pizer, W. 2006. "The Economics of Improving Fuel Economy," Resources, Fall, Resources for the Future, Washington, D.C.
24. Parry, I.W.H., M. Walls and W. Harrington. 2007. "Automobile Externalities and Policies," Journal of Economic Literature, vol. XLV, pp. 373-399.
25. Rabin, M. 2000. "Diminishing Marginal Utility of Wealth Cannot Explain Risk Aversion," Institute of Business and Economic Research, Department of Economics, U.S. Berkeley, paper E00-287.
26. Rubenstein, A. 1998. Modeling Bounded Rationality, MIT Press, Cambridge, Massachusetts.
27. Sanstad, A.H. and R.B. Howarth. 1994. "Consumer Rationality and Energy Efficiency," Proceedings of the ACEEE 1994 Summer Study on Energy Efficiency in Buildings, Volume 1: Human Dimensions, American Council for an Energy Efficiency Economy, Washington, D.C.
28. Thaler, R.H., A. Tversky, D. Kahneman and A. Schwartz. 1997. "The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test," The Quarterly Journal of Economics, vol. 112, no. 2, pp. 647-661.
29. Turrentine, T. and K. Kurani. 2005. "Automotive Fuel Economy in the Purchase and Use Decisions of Households," presented at the 84th Annual Meeting of the Transportation Research Board, National Research Council, January 9-13, Washington, D.C.
30. Tversky, A. andD.Kahneman. 1992. "Advances in Prospect Theory:CumulativeRepresentation of Uncertainty," Journal of Risk and Uncertainty, vol. 5, pp. 297-323.
31. U.S.Department of Energy, Energy InformationAdministration (DOE/EIA). 2007. International Energy Annual 2005, DOE/EIA-0219(2005), Washington, D.C., available at http://www.eia.doe.gov/iea.
32. U.S. Department of Energy, Energy Information Administration (DOE/EIA). 1996. Issues in Midterm Analysis and Forecasting 1996, DOE/EIA-0607(96), Washington, D.C.