The Demand for Cars and the Price of Gasoline: The User Cost Approach
运用用户成本理论估计以色列新车和二手车需求，发现运营成本（尤其是汽油价格）必须纳入需求函数，且汽油价格对大型车影响更大。收入弹性显示新车高于旧车，并随发动机尺寸增加。
The theory of the user cost of capital is used to estimate the demand for new and used cars in Israel. The results demonstrate that the price of operating costs must be included in the demand function. They also show that the importance of gasoline price increases with engine size. Income elasticities are higher for new than for old cars, and increase with engine size. The inevitability of further increases in gasoline prices implies a further reduction in the average size of cars and a possible decline in the number of cars in the economy unless the trend is moderated by an acceleration in economic growth. The future of the US auto industry will depend to a large extent on its ability to compete in the small- and medium-car markets. 13 references, 3 tables.