A survey of energy demand elasticities in support of the development of the NEMS
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.
|Date of creation:||Oct 1993|
|Date of revision:|
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- Mohammed A. Al-Sahlawi, 1989. "The Demand for Natural Gas: A Survey of Price and Income Elasticities," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 77-90.
- Andrikopoulos, Andreas A. & Brox, James A., 1986. "Demand systems for energy consumption by the manufacturing sector," Journal of Economics and Business, Elsevier, vol. 38(2), pages 141-153, May.
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