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We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-differences matching approach, we estimate that the price elasticity of demand grows from...
Persistent link: https://www.econbiz.de/10012954912
We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-differences matching approach, we estimate that the price elasticity of demand grows from...
Persistent link: https://www.econbiz.de/10012908782
Persistent link: https://www.econbiz.de/10011685093
Persistent link: https://www.econbiz.de/10012198360
Economic theory suggests that demand is more elastic in the long run relative to the short run, but evidence on the empirical relevance of this phenomenon is scarce. We study the dynamics of residential electricity demand by exploiting price variation arising from a natural experiment: the...
Persistent link: https://www.econbiz.de/10012455198