Estimation of demand elasticities: A reflection on the issues |
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| Authors: | Noel D. Uri |
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| Affiliation: | Department of Energy, Office of Energy Use Analysis, Energy Use Technologies Division, Washington, DC 20461, U.S.A. |
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| Abstract: | The general nature of demand and the notion of the elasticity of demand are the issues of concern. Whether the requisite conditions from demand theory are closely enough satisfied when estimating the demand for energy is problematical. Consequently, the meaning of such estimates is subject to debate. |
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