A survey of energy demand elasticities in support of the development of the NEMS

Carol Dahl

MPRA Paper from University Library of Munich, Germany

Abstract: With NEMS, there has been increased interest in modeling energy markets and a resurgent interest in energy elasticities of demand. Since such elasticities are often a convenient way to summarize the responsiveness of demand to such things as own prices, cross prices, income, or other relevant variables, a substantial amount of resources have been devoted to estimating demand elasticities, at various levels of aggregation using a variety of models. The goal of this project is to survey these works for the U.S. on energy demand elasticities, do a critical analysis of them, attempt to come up with summary elasticities, discuss the scope and breadth of the work that has been done, and make suggestions for further research.

Keywords: energy demand elasticities; price; income (search for similar items in EconPapers)
JEL-codes: Q41 (search for similar items in EconPapers)
Date: 1993-10
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Citations: View citations in EconPapers (71)

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https://mpra.ub.uni-muenchen.de/72229/8/MPRA_paper_72229.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13962

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