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Title:German car buyers' willingness to pay to reduce CO2 emissions PDF Logo
Authors:Achtnicht, Martin
Issue Date:2009
Series/Report no.:ZEW Discussion Papers 09-058
Abstract:Motorised individual transport strongly contributes to global CO2 emissions, due to its intensive usage of fossil fuels. Current political efforts addressing this issue (i.e. emission performance standards in the EU) are directed towards car manufacturers. This paper focuses on the demand side. It examines whether CO2 emissions per kilometre is a relevant attribute in car choices. Based on a stated preference experiment among potential car buyers from Germany, different mixed logit specifications are estimated. In addition, distributions of willingness to pay measures for an abatement of CO2 emissions are obtained. The results suggest that the emissions performance of a car matters substantially, but its consideration varies heavily across the sampled population. In particular, some evidence on gender, age and education effects on climate concerns is provided.
Subjects:CO2 emissions
Willingness to pay
Passenger cars
Stated preferences
Mixed logit
JEL:C25
D12
Q51
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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