The Microeconometric Approach to Modelling Energy Demand: Some Results for UK Households
The paper is concerned with the empirical modeling of domestic demand for energy at the level of the individual household. A model of household energy expenditures and energy using durable ownership is described. Estimation takes place using a pooled sample of households drawn from the repeated cross- sections of the annual Family Expenditure Survey (FES). Price and income elasticities are found to be highly dependent on individual household characteristics, type of house tenure, energy using durable ownership and outside temperature. Finally the results are placed in a policy relevant context. Copyright 1991 by Oxford University Press.
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