Automobile Externalities and Policies

This paper discusses the nature, and magnitude, of externalities associated with automobile use, including local and global pollution, oil dependence, traffic congestion and traffic accidents. It then discusses current federal policies affecting these externalities, including fuel taxes, fuel econom...

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Bibliographic Details
Published in:Journal of economic literature 2007-06, Vol.45 (2), p.373-399
Main Authors: Parry, Ian W. H., Walls, Margaret, Harrington, Winston
Format: Article
Language:English
Subjects:
Air pollution
Automobiles
Climate change policy
Economic costs
Economic externalities
Emission standards
Emissions
Energy consumption
Energy efficiency
Externality
Fuel efficiency
Fuel taxes
Gasoline
Gasoline prices
Gasoline taxes
Greenhouse gases
Highways
Liability insurance
Negative externalities
Outdoor air quality
Pollutants
Pricing policies
Roads & highways
Studies
Tax increases
Tax reform
Traffic accidents & safety
Traffic congestion
Transportation planning
Trucks
Urban congestion
Vehicles
VOCs
Volatile organic compounds
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Summary:This paper discusses the nature, and magnitude, of externalities associated with automobile use, including local and global pollution, oil dependence, traffic congestion and traffic accidents. It then discusses current federal policies affecting these externalities, including fuel taxes, fuel economy and emissions standards, and alternative fuel policies, summarizing, insofar as possible, the welfare effects of those policies. Finally, we discuss emerging pricing policies, including congestion tolls, and insurance reform, and summarize the appropriate combination of policies to address automobile externalities.
ISSN:0022-0515
2328-8175
DOI:10.1257/jel.45.2.373