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We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long … that the price elasticity of demand grows from -0.09 in the first six months to -0.27 two years later. We also estimate a …
Persistent link: https://www.econbiz.de/10012908782
. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence … in the estimated demand functions is important for use in policy and forecasting, following Amarawickrama and Hunt (2008 …), this paper estimates the demand for gasoline is estimated with 6 alternative time series techniques with data from Fiji …
Persistent link: https://www.econbiz.de/10011523590
System security in electricity markets relies crucially on the interaction between demand and supply over time. However …, research on electricity markets has been mainly focusing on the supply side arguing that demand is rather inelastic. Assuming … perfectly inelastic demand might lead to delusive statements regarding the price formation in electricity markets. In this …
Persistent link: https://www.econbiz.de/10011517142
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …
Persistent link: https://www.econbiz.de/10012822493
prices are determined by shocks to the supply and demand for oil tankers, to the utilization of tankers, and to the cost of …-trip voyage rates. Oil exports from the Arabian Gulf also decline, reflecting lower demand for VLCCs. Positive utilization shocks …. Tanker supply and tanker demand shocks have persistent effects on time charter rates, round-trip voyage rates, the volume of …
Persistent link: https://www.econbiz.de/10012395168
Baumeister and Hamilton (2019a) assert that every critique of their work on oil markets by Kilian and Zhou (2019a) is without merit. In addition, they make the case that key aspects of the economic and econometric analysis in the widely used oil market model of Kilian and Murphy (2014) and its...
Persistent link: https://www.econbiz.de/10012227495
unconventional, puzzling or erroneous conclusions. Finally, we discuss the construction of extraneous measures of oil demand and oil …
Persistent link: https://www.econbiz.de/10012230527
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …
Persistent link: https://www.econbiz.de/10012288032
Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price … demand of uninformed households is entirely price-inelastic. Based on these results, to curb the electricity consumption of …
Persistent link: https://www.econbiz.de/10011897241
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …
Persistent link: https://www.econbiz.de/10014048765