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- W613542981 abstract "This paper estimates the demand for private transport fuels in the UK by using an indirect method, where the demand for private transport is analysed and elasticities for fuel use in private cars are derived for the 1954-1991 period. It is shown how to derive the determinants of the demand for fuel use in private cars, using a behavioural structural model describing car ownership and use and specific fuel consumption. As data on fuel efficiency are not yet available, only preliminary results are given for car ownership and use models. Likely values of the elasticities for fuel demand are derived from the estimated price and income elasticities, including income, car purchase price, and petrol price. Although the study is still incomplete, the following conclusions are presented: (1) fuel demand is very sensitive to both price and income; (2) fuel prices affect demand through their effects on car ownership (the larger but slower impact) and car use (mostly short-run small effects); (3) car prices affect fuel demand through their effects on car ownership; (4) income affects both car ownership and use per car. The following tentative estimates of elasticities for fuel demand for private cars are derived: (1) income around 1.5; (2) fuel price -0.7 to -1.4; (3) car price, around -0.4." @default.
- W613542981 created "2016-06-24" @default.
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- W613542981 date "1993-01-01" @default.
- W613542981 modified "2023-09-28" @default.
- W613542981 title "THE DEMAND FOR FUELS FOR PRIVATE TRANSPORT IN THE UK" @default.
- W613542981 hasPublicationYear "1993" @default.
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