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- W95873718 abstract "It is often assumed that the U.S. transportation sector is a wasteful user of petroleum. However, waste is secondary to the issue of an efficiently operating sector because waste is only a cost to be incurred. Economic efficiency requires that goods be allocated according to their price. Two methods were used to analyze how efficiently the transportation sector has operated over time. First, econometric models for the transportation sector were developed to determine the importance of price and other factors in influencing consumption. Secondly, two groups were formed comprising respectively the ten highest-fuel and ten lowest-fuel consumption per capita states. A comparison between the two groups, in terms of price and consumption, over time revealed the ability of price to allocate consumption. The results of both analyses are strongly favorable and suggest that the issue of waste is over-emphasized in the U.S. transportation sector." @default.
- W95873718 created "2016-06-24" @default.
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- W95873718 date "1982-01-01" @default.
- W95873718 modified "2023-09-26" @default.
- W95873718 title "EFFICIENCY OF FUEL CONSUMPTION IN THE U.S. TRANSPORTATION SECTOR 1960-1977" @default.
- W95873718 hasPublicationYear "1982" @default.
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