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The irreversible demand effects of high oil prices: motor fuels in France, Germany and the UK

Subtitle:
OIES paper: EE13
Abstract:

There is no doubt that the price shocks of the seventies have led to considerable reductions of oil demand. With the price collapse of 1985, the era of high oil prices abruptly came to an end, so that by the end of the decade real prices had returned to their pre-1974 levels. How did demand respond to the return to lower prices? Would lower prices totally reverse the demand reductions witnessed during the seventies and early eighties or have the price shocks triggered permanent changes in con...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
1991
URN:
uuid:bf06e410-9935-468b-8d4f-7b9de7eeb3b3
Local pid:
ora:10263
ISBN:
0-948061-53-7

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