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Gewählte Publikation:

Hossinger, R; Link, C; Sonntag, A; Stark, J.
(2017): Estimating the price elasticity of fuel demand with stated preferences derived from a situational approach
TRANSPORT RES A-POL. 2017; 103: 154-171. FullText FullText_BOKU

An evidence-based policy debate about future fuel demand requires reliable estimates for fuel price elasticities. Such predictions are often based on revealed preference (RP) data. However, this procedure will only yield reliable results in the absence of severe structural discontinuities. In order to overcome this potential limitation we used a situational stated preference (SP) survey to estimate the response to hypothetical fuel price changes beyond the scope of previous observations. We elicit fuel price elasticities for price increases up to four Euros per liter and find that the situational approach predicts the actual responses to previously observed fuel price changes very well. We conclude that applying a situational approach is particularly useful, if behavioral predictions for unprecedented (non monetary) policy interventions or supply side shocks are of interest that go beyond the reach of standard RP approaches. (C) 2017 The Authors. Published by Elsevier Ltd.
Autor/innen der BOKU Wien:
Hössinger Reinhard
Link Christoph
Stark Juliane
BOKU Gendermonitor:

Find related publications in this database (Keywords)
Price elasticities
Fuel demand
Stated preference
Choice experiment
Discrete choice modelling

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