TY - JOUR
T1 - Vehicle Fuel Economy and Vehicle Miles Traveled: An Empirical Investigation of Jevon’s Paradox
AU - Vincent Munyon, Vinola
AU - Bowen, William M.
AU - Holcombe, John
PY - 2018/4/1
Y1 - 2018/4/1
N2 - There has been, in recent decades, a concerted effort to promote energy efficiency as a means to reduce energy consumption. The general thesis is that, ceteris paribus , an increase in energy efficiency leads to a decrease in the consumption of the good or service rendered efficient. This is in opposition to Jevons’ Paradox which states that “It is wholly a confusion of ideas to suppose that the economical use of fuel is equivalent to a diminished consumption. The very contrary is the truth…” This study examines whether Jevons’ Paradox holds when all available factors that could affect consumption of an efficient good/service are controlled for. Using vehicle fuel economy as a measure of energy efficiency and vehicle miles traveled (VMT) as a measure of consumption, the study examines whether, other things being held equal, a more fuel efficient vehicle accrues greater Vehicle Miles Traveled. The findings indicate that in this case Jevons’ Paradox does hold true; a 1% increase in fuel efficiency was associated with a 1.2% increase in VMT.
AB - There has been, in recent decades, a concerted effort to promote energy efficiency as a means to reduce energy consumption. The general thesis is that, ceteris paribus , an increase in energy efficiency leads to a decrease in the consumption of the good or service rendered efficient. This is in opposition to Jevons’ Paradox which states that “It is wholly a confusion of ideas to suppose that the economical use of fuel is equivalent to a diminished consumption. The very contrary is the truth…” This study examines whether Jevons’ Paradox holds when all available factors that could affect consumption of an efficient good/service are controlled for. Using vehicle fuel economy as a measure of energy efficiency and vehicle miles traveled (VMT) as a measure of consumption, the study examines whether, other things being held equal, a more fuel efficient vehicle accrues greater Vehicle Miles Traveled. The findings indicate that in this case Jevons’ Paradox does hold true; a 1% increase in fuel efficiency was associated with a 1.2% increase in VMT.
KW - Vehicle fuel efficiency
KW - Fuel economy
KW - Vehicle miles traveled (VMT)
KW - Jevons’ Paradox
UR - https://engagedscholarship.csuohio.edu/urban_facpub/1540
UR - https://www.sciencedirect.com/science/article/pii/S2214629618300616?via%3Dihub
U2 - 10.1016/j.erss.2018.01.007
DO - 10.1016/j.erss.2018.01.007
M3 - Article
VL - 38
JO - Energy Research Social Science
JF - Energy Research Social Science
ER -