Ke. Train et al., FEES AND REBATES ON NEW VEHICLES - IMPACTS ON FUEL EFFICIENCY, CARBON-DIOXIDE EMISSIONS, AND CONSUMER SURPLUS, TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW, 33(1), 1997, pp. 1-13
Citations number
30
Language
INGLESE
art.tipo
Article
Categorie Soggetti
Transportation,"Operatione Research & Management Science",Transportation
Several incentive systems are examined that provide rebates on vehicle
s with higher-than-average fuel efficiency and levy fees on vehicles w
ith less efficiency. The rebates and fees are applied to new vehicles
at the time of purchase, and the rates are set such that the total out
lay for rebates equals the revenues from fees. We find that moderately
-sized rebates and fees result in a substantial increase in average: f
uel efficiency. Most of the effect is due to manufacturers' incorporat
ing more fuel-efficiency technologies into the vehicles that they offe
r, since the rebates and fees effectively Lower the price to manufactu
rers of these technologies. Consumer surplus is found to rise, and the
profits of domestic manufacturers are estimated to drop only slightly
under most systems and actually to rise under one system. (C) 1997 El
sevier Science Ltd.