Underlying consumer preferences and their contribution to energy demand
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.
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Volume (Year): 33 (2009)
Issue (Month): 3-4 (09)
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