Abstract
THE PAPER EXAMINES THE IMPACT OF CHANGES IN INCOME, PRICE OF GASOLINE, FUEL EFFICIENCY OF CARS, AND PRICE OF NEW CARS ON THE DEMAND FOR PASSENGER CAR SERVICES. THE UNDERLYING MODEL IS OF THE UTILITY MAXIMISATION VARIETY, AND THE IMPLICATIONS OF THE MODEL ARE TESTED WITH QUARTERLY DATA FOR THE PERIOD 1969-1976. THE ESTIMATED EQUATIONS YIELD THE SHORT AND LONG RUN DEMANDS FOR GASOLINE, AND ALSO MANY OTHER RESULTS WHICH ARE POTENTIALLY OF INTEREST FOR PUBLIC POLICY.(Author/publisher).