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Underlying consumer preferences and their contribution to energy demand

Author

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  • Olutomi I. Adeyemi
  • David C. Broadstock

Abstract

The demand for energy is not simply a function of price and income, but can be shown to also be a function of the underlying energy demand trend (UEDT). The UEDT not only captures behavioural responses to non-fiscal instruments, including technological change, but also encapsulates attitudinal responses/changes in demand that might result, for instance, from increased public awareness of how environmentally damaging energy use can be; hence, reflecting underlying consumer preferences. Copyright 2009 The Authors. Journal compilation 2009 Organization of the Petroleum Exporting Countries.

Suggested Citation

  • Olutomi I. Adeyemi & David C. Broadstock, 2009. "Underlying consumer preferences and their contribution to energy demand," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 33(3-4), pages 198-204, September.
  • Handle: RePEc:bla:opecrv:v:33:y:2009:i:3-4:p:198-204
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    References listed on IDEAS

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    1. Adeyemi, Olutomi I. & Hunt, Lester C., 2007. "Modelling OECD industrial energy demand: Asymmetric price responses and energy-saving technical change," Energy Economics, Elsevier, vol. 29(4), pages 693-709, July.
    2. Hunt, Lester C. & Judge, Guy & Ninomiya, Yasushi, 2003. "Underlying trends and seasonality in UK energy demand: a sectoral analysis," Energy Economics, Elsevier, vol. 25(1), pages 93-118, January.
    3. Hillard G. Huntington, 2006. "A Note on Price Asymmetry as Induced Technical Change," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 1-8.
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    Cited by:

    1. Karimu, Amin & Brännlund, Runar, 2013. "Functional form and aggregate energy demand elasticities: A nonparametric panel approach for 17 OECD countries," Energy Economics, Elsevier, vol. 36(C), pages 19-27.

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