Econometric Models of the Demand for Motor Fuel

Burke K. Burright, John Hermann Enns

1975 · 14 citations · 0 references

Concepts

Abstract

This study is one of three that describe measures and public policies for conserving energy used by automobiles. It presents econometric measures of the demand for highway motor fuel and gasoline, with particular attention to the response of gasoline use to changes in its price. The study considers both long-run and short-run (the period during which the size and characteristics of the automobile stock remain relatively constant) responses. Related research results are summarized and compared with this study's results. A second report in the series develops analytic tools with which to evaluate the effects of national energy conservation measures on private transportation: R-1560-NSF, October 1974, How to Save Gasoline: Public Policy Alternatives for the Automobile. The third report describes the development, validation, and application of one of the models used in this study to compare energy conservation policies: R-1562-NSF, January 1975, A Generalized Model for Comparing Automobile Design Approaches to Improved Fuel Economy.