Alberini, Anna; Bezhanishvili, Levan; Ščasný, Milan - 2021
that the implied price elasticity of electricity demand is in both cases -0.3. Finally, we fit an electricity demand … function, which results in an even stronger price elasticity (-0.5). Households seem to respond to the actual, average price … (here equal to the marginal price) rather than to expected price. Our estimates of the price elasticity bode well for a …