Turning on the Lights: A Meta-Analysis of Residential Electricity Demand ElasticitiesJames A. Espey and Molly Espey () Journal of Agricultural & Applied Economics, 2004, vol. 36, issue 1, pages 65-81 Abstract: Meta-analysis is used to quantitatively summarize previous studies of residential electricity demand to determine if there are factors that systematically affect estimated elasticities. In this study, price and income elasticities of residential demand for electricity from previous studies are used as the dependent variables with data characteristics, model structure, and estimation technique as independent variables, using both least square estimation of a semi-log model and maximum likelihood estimation of a gamma model. The findings of this research can help better inform public policy makers, regulators, and utilities about the responsiveness of residential electricity consumers to price and income changes. Keywords: electricity demand; income elasticity; meta-analysis; price elasticity; residential electricity demand (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Access Statistics for this article Journal of Agricultural & Applied Economics is edited by Jeffrey M. Gillespie More articles in Journal of Agricultural & Applied Economics from Southern Agricultural Economics Association |
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