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Fuel Costs, Circulation Taxes, and Car Market Shares

Vance, Colin and Mehlin, Markus (2009) Fuel Costs, Circulation Taxes, and Car Market Shares. Transportation Research Record: Journal of the Transportation Research Board (No. 2134), pp. 31-36. US National Research Council. DOI: 10.3141/2134-04 ISBN 978-0-309-14266-3 ISSN 0361-1981

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Official URL: http://www.TRB.org

Abstract

With efficiency standards and consumer information, car-related taxes are one of three pillars of the European Commission´s strategy to reduce CO2 emissions from passenger cars. A long-standing question concerns the effectiveness of such taxes in determining the car-purchasing behavior of households. Several recent studies suggest that purchases are primarily determined by retail cost rather than by taxes, which typically are incurred over the lifetime of the car. Panel data on new car registrations in Germany, Europe´s largest car market, were used to address this issue through an econometric analysis of the impact of fuel costs and circulation taxes on car market shares. By using a nested logit model that explicitly recognizes the segmented structure of the car market, the analysis considers correlation in unobserved shocks in cars belonging to the same market segment. Moreover, given the panel structure of the data, a fixedeffects estimator is used to control for the influence of unobservable, time-invariant automobile attributes that could otherwise induce biases in the estimated coefficients. Contrasting with much of the evidence garnered to date, the results suggest that circulation taxes and fuel costs significantly determine car market shares and hence may serve as effective instruments in influencing the composition of the car fleet and associated CO2 emissions.

Item URL in elib:https://elib.dlr.de/68004/
Document Type:Article
Title:Fuel Costs, Circulation Taxes, and Car Market Shares
Authors:
AuthorsInstitution or Email of AuthorsAuthors ORCID iD
Vance, ColinRheinisch-Westfälisches Institut für Wirtschaftsforschung EssenUNSPECIFIED
Mehlin, Markusmarkus.mehlin (at) dlr.deUNSPECIFIED
Date:December 2009
Journal or Publication Title:Transportation Research Record: Journal of the Transportation Research Board
Refereed publication:Yes
Open Access:No
Gold Open Access:No
In SCOPUS:Yes
In ISI Web of Science:Yes
DOI :10.3141/2134-04
Page Range:pp. 31-36
Editors:
EditorsEmail
UNSPECIFIEDTRB
Publisher:US National Research Council
Series Name:Journal of the Transportation Research Board
ISSN:0361-1981
ISBN:978-0-309-14266-3
Status:Published
Keywords:Implications for Climate Policy
HGF - Research field:Aeronautics, Space and Transport
HGF - Program:Transport
HGF - Program Themes:other
DLR - Research area:Transport
DLR - Program:V - no assignment
DLR - Research theme (Project):V - no assignment
Location: Berlin-Adlershof
Institutes and Institutions:Institute of Transport Research > Passenger Transport
Deposited By: George, Michaela
Deposited On:28 Dec 2010 16:44
Last Modified:08 Mar 2018 18:52

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