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A survey of energy demand elasticities in support of the development of the NEMS

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  • Dahl, Carol A.

Abstract

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.

Suggested Citation

  • Dahl, Carol A., 1993. "A survey of energy demand elasticities in support of the development of the NEMS," MPRA Paper 13962, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13962
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    References listed on IDEAS

    as
    1. 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.
    2. 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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    More about this item

    Keywords

    energy demand elasticities; price; income;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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