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What is Residential Energy Demand Elasticities about?

This document discusses a study analyzing the responsiveness of residential energy demand to electricity and gas prices in the United States. It presents econometric models to examine short-term and long-term price elasticities using data on energy usage from over 69,000 homes. Results show that households are responsive to energy prices in both the short-run and long-run, with short-run elasticities of -2% for electricity and -6% for gas. The dynamic model estimates similar short-run elasticities to the st

Author

bepo1

Language

EN