The demand for electricity in the residential sector is estimated to have become less elastic for the recent period of rising real prices as compared to earlier periods of stable or falling real price. Several possible reasons for this are investigated and we conclude that demand appears to be...

Accurate forecasts of energy demand are required for public policy formation, but estimation of the residential demand for electricity presents a number of conceptual and statistical problems. This paper focuses on two interrelated issues in electricity demand analysis: model specification with...

Transportation costs between production regions affect interregional competitive relations. Rising fuel costs have substantially changed the transfer cost function for motortruck transport. A method for estimating the direct impact on consumer and producer prices of fuel cost increases is...

The feasibility of reducing delivery frequency as a means of lowering energy and transportation costs is examined. Four reduced delivery situations are examined using a net present value criteria. While substantial energy savings are possible the cost of equipment necessary to accommodate these...

Short- and long-run Hicksian and Marshallian elasticities are estimated, along with Morishima elasticities of substitution, using a restricted profit function and a series of decomposition equations. Convexity in prices and concavity in quasi-fixed factors of the restricted profit function are...