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Are price and income elasticities of demand constant? : the UK experience

Abstract:

The reductions in energy demand witnessed since the oil price shocks of the 1970s have lent undeniable evidence to the importance of prices in determining energy demand. Attempts to actually measure the influence of prices on the basis of econometric models, however, have resulted in a wide range of elasticities. Apart from differences in estimates based on international cross-section data and times-series observations for individud countries, elasticities were often found to be sensitive to ...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies
Series:
OIES paper
Publication date:
1992-01-01
Paper number:
EE16
ISBN:
0948061707
Language:
English
Keywords:
UUID:
uuid:fec36c7c-264e-4666-ba44-a9df53e36bbf
Local pid:
ora:10304
Deposit date:
2015-03-02

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