This paper develops and implements a methodology for assessing the role of energy prices in reducing energy intensity in Chinese industry. For the short run, the paper estimates contemporaneous energy price elasticities; for the long run, the paper examines the impact of energy prices on...

Existing studies have focused on the negative impact of inefficient resource allocation on energy performance in China's factor market, but neglected to further explore the underlying reason for this phenomenon from the perspective of market segmentation. In this paper, the epsilon-based measure...