Date of Award

8-2009

Document Type

Thesis

Degree Name

Master of Arts (MA)

Legacy Department

Economics

Advisor

Templeton, Scott R

Committee Member

Maloney , Michael T

Committee Member

Sauer , Raymond D

Committee Member

Espey , Molly

Abstract

The implicit prices of automobile attributes are estimated with a hedonic model of new automobiles sold in the 2005 Australian market. The estimated marginal value of decreased fuel consumption is found to be positively valued by drivers and car manufacturers. A comparison of explicit fuel savings estimated with Australian automobile market statistics to the implicit fuel savings estimated with the hedonic regression indicates that new automobile buyers accurately value the fuel cost savings associated with reductions in fuel consumption.

Included in

Economics Commons

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