Nobuhiro, HOSOE; Shu-ichi, AKIYAMA - Research Institute of Economy, Trade and Industry (RIETI) - 2008
In the assessment and review of regulatory reforms in the electric power market, price elasticity is one of the most important parameters that characterize the market. However, price elasticity has seldom been estimated in Japan; instead, it has been merely assumed to be as small as 0.1 or 0...