Guilló, María Dolores; Díaz, Antonia; Puch, Luis A. - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002
In time series data, energy use does not change much with energy price changes. However, energy use is responsive to international differences in energy prices in cross-section data across countries. In this paper we consider a model of energy use in which production takes place at individual...